Cointed is Europe’s biggest Bitcoin ATM provider at present working with chip-maker NVIDIA to advertise green mining actions for virtual currencies.
With the meteoric growth in the popularity in addition to the purchase price of Bitcoin, there’s been an increasing involvement of miners from all over the world. Bitcoin mining has proven to be a really profitable and rewarding activity as it gives an extremely attractive source of revenue. However, today Bitcoin mining actions need high-end computing machines that are thought to be electricity guzzlers.
Data demonstrates that Bitcoin mining actions alone absorb 0.13 percent of world’s power generation. The energy absorbed by Bitcoin mining system in one day is reported to be equivalent to weekly consumption in power by an average family in the United States. Analysts have stated that growing popularity of crypto-currencies when the mining activities continue to persist for more than ten years, the world may face a serious lack of power and moreover may have a disastrous impact on the surroundings.
Because of this, the majority of the new mining centres are being developed and generated in locations offering hydro and wind electricity production. Europe’s biggest digital money market and Bitcoin ATMs supplier Cointed is all set to revolutionize the green mining business.
Cointed is considered to have already pre-ordered 125,000 custom-built GPUs from Zotac and NVIDIA that are designed mainly for Cointed services. Out of the entire Pre-ordered GPUs, 18000 are already made in 2000 rigs each using 9 cards and are at the fully operational state at a warehouse centre in Sweden.
The rigs are made in a manner that they fully optimize the GPU functionality. To minimize the problems pertaining to over-heating, the conventional fans from the rigs are substituted by heat-sinks. The rigs are so designed that the fans are situated on the situation which allows for superior airflow thereby improving cooling and making maintenance simpler. The motherboards are systematically customized to synergize with other elements.
Another thing that Cointed brings to its benefit is using a totally built-in software and their dedicated OS to operate together with the GPUs for optimum performance in synchrony with other conventional components.
Possessing widespread actions and companies around cryptocurrencies, Cointed gets an upper edge on its other competitors in the area. Now Cointed is the only important Bitcoin ATM supplier to offer support for five distinct currencies such as Bitcoin, Litecoin, Ethereum, Zcash, and Dash.