Feeds

BTC MaaS (mining-as-a-service) preps DC pods down under

Can't build, can't steal? Now you can RENT your miner

Security for virtualized datacentres

Australian outfit BTC Corporation is hoping that there's still enough punters wanting in on the Bitcoin goldrush to sustain a mining-as-a-service business.

The company's pitch is that the everyday punter no longer has any chance to get their hands on even a chunk of a single Bitcoin. CEO Simon Oliver told The Register that the outlay for a competitive Bitcoin mining rig is now in the vicinity of $20,000, with a probable lifetime of a year.

“Mining has become difficult for individuals, because of the cost of the computer power you need to deliver an outcome – individuals need to build big servers to participate in the blockchain, and become part of pools to get their bit of a coin.

“And the difficulty [of solving the Bitcoin hash – El Reg] increases every ten days or thereabouts, which makes your hardware obsolete in eight to twelve months.”

Instead, BitcoinCloudMining.com is prepping containerised data centre pods, working on the simple basis that with enough horsepower behind the doors, the costs can be spread across a bunch of subscribers.

“We can put hundreds of kilowatts into a condensed data centre,” Oliver said. “They're purpose built pods designed for cost-effective giga-hashing … to make it affordable”.

Right now, he told Vulture South, the company has a beta test setup in an existing Melbourne data centre, and is near completion of its first two containerised units that will be deployed to two other Melbourne locations.

“It's our responsibility to maintain the performance of the system”, Oliver said. ®

Remote control for virtualized desktops

More from The Register

next story
UK smart meters arrive in 2020. Hackers have ALREADY found a flaw
Energy summit bods warned of free energy bonanza
DRUPAL-OPCALYPSE! Devs say best assume your CMS is owned
SQLi hole was hit hard, fast, and before most admins knew it needed patching
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Mozilla releases geolocating WiFi sniffer for Android
As if the civilians who never change access point passwords will ever opt out of this one
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.