Top Five Biggest Crypto Mining Areas: Which Farms Are Pushing Forward the New Gold Rush?

Despite the reduction in the reward for generating blocks, a halving in the mining reward size from 25 Bitcoin to 12.5 Bitcoin and the increasing complexity of mining, miners can still receive up to $20 million per day in transaction confirmations.

Following the fall of the market, interest in mining also decreased - AMD and Nvidia are both expecting a decrease in revenues in the second quarter of 2018.At the same time, mining is reaching industrial proportions.

On June 6, the mining company CoinMint announced it plans to open a Bitcoin-mining plant in a former aluminium smelting factory in upstate New York, near the U.S.-Canada border.

Who are these industrial miners? Cointelegraph invites you to visit the five largest farms in the world.

Hashrate: 1000 GH. Another owner of a truly large mining farm is Genesis Mining.

Genesis, like Carlson and others, in accordance with their security policy, does not disclose the exact geographical location of its mining farms.

Since 2016, the capacity of the farm has grown almost threefold and reached 12 PH. Other provinces, throughout China, are also not without their own large mining farms.

Mined monthly: 600 BTC.Hashrate: 38 PH.Russia is also among the countries in which large mining areas are located.

Major mining farms began to appear only a couple of years ago.

Today, mining farms consist of large technological infrastructures with a regular staff of professional employees, like GigaWatt, Genesis Mining or Coinmint, which combine into agglomerates at the site of former factories and hangars.