Feeds

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

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

Providing a secure and efficient Helpdesk

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Hackers thrash Bash Shellshock bug: World races to cover hole
Update your gear now to avoid early attacks hitting the web
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.