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Like any asset, it can be exchanged, invested, sold, gifted, or used for purchasing goods on the internet as well as at some local retailers as more and more businesses adopt the new technology. The future of money is here.
When people think of cryptocurrency, the first thing that comes to mind is digital currency. Some may consider that digital is virtual, but virtual is hardly imaginary for when you take a step back you can see that even if banking is currently backed by gold, as far as the consumer is concerned, it's already digital from your credit card to your online banking. Cryptocurrency just operates independent of a central bank. They can be secure, fast, reliable and very much available today.
Newegg, Overstock, Microsoft, Expedia - just to name a few, are companies that accept Bitcoin as payment for goods. Popular POS payment systems like Square are working on accepting crypto payments.
As our technology and economy evolves to accept crypto, don't be left behind. Whether you are a business or an individual interested in accepting, trading, buying, spending, or mining crypto currency - Contact us today.
The largest use case of blockchain technology is cryptocurrency. Having a decentralized ledger with transactions verified by a network of nodes that can not be altered or corrupted is very important to that functionality. With this technology, secure payment processing and the transfer of monetary assets can now be achieved in seconds, but the same concept can be utilized for many other purposes. Secure logins, medical record keeping, asset tracking, and private business ledgers can also heavily benefit from this technology.
We can assist with introducing blockchain technology to your business. Contact us today.
We come with proven backgrounds in project management, programming, telecommunications, and database administration. With the introduction of blockchain technology and the growing popularity of crypto currency, we began our mission to get into this space.
Like most individuals and businesses who are interested in blockchain transactions and nodes, we began our story with consumer grade video cards or graphics processing units (GPU). GPU mining has many benefits, as the algorithm and mining is determined by the type of memory and software used. Our journey started with Windows and retail Linux mining distributions, but we soon began working on our own linux based OS distribution, custom software, monitoring, reporting and overclocking while trying out many different makes and models until we settled on our best options. The next step was to engineer the best design for space utilization, cooling and heat management.
Remaining in the crypto mining space meant that we had to incorporate ASIC units as well. Application specific integrated circuit technology was first utilized in the 80s. They are built with a particular use in mind and can be very costly to design and manufacture. However, being application specific helps with the exact electrical requirements as well as a purposeful design. ASIC miners have the highest hash rate for crypto mining but are manufactured to handle a specific algorithm. They do, however, run on a Linux distribution and with that being the case, our Linux engineers began working on overclocking the chips, fan control and voltage regulation for optimal output.
Without a data center location of our own, we decided on a plan to engineer a mobile design that would allow us to take our mining production wherever we needed it to go. Mining has extensive power requirements and with electrical equipment running 24/7, heat is always an important factor to consider. Our design has many intentional elements that differentiate us from competitors. When we envisioned storage containers as mobile data center containers, we didn't prioritize the ability to stack them. Most businesses, like ourselves, just do not have daily access to cranes or large forklifts to place and maneuver containers in this fashion. Most use cases that requires a mobile data center doesn't really need to stack them or having the inconvenience of installing stairs and other safety measures. Not to mention the heat from one container affecting the other just doesn't work out to your benefit. Some manufacturers intake air on one side and exhaust directly out the other side, but this forces you to place them end to end. With our previous experience in data center design, our staff decided on parallel containers with exhaust out the back for our lower and mid powered containers and additional exhausts placed on top for our high density containers.
Although GPUs and ASICs will be viable for some time to come, we are also tinkering with FPGA technology. GPUs are the most diverse, with the ability to mine many different crypto currencies based on the mining software used. ASICs are several times more powerful than a GPU in terms of computing hash, but limited to the algorithm that they were manufactured for. Field programmable gate array technology sits somewhere between the two and the programmable circuits allow us to configure the chips to our desired application. FPGA boards have a lot more hashing capability than a GPU, but can still be algorithm agnostic which allows us to roll with the fluctuating crypto markets. This sounds like it should be a win-win situation for the mining community, but the costs of development and lack of tested and available software keeps FPGA mining out of the mainstream. We are very excited to walk that path as well as this technology continues to make more ground.
If you are interested in mining crypto currency or would like more information on our mobile data center containers, contact us now.
From planning and projections to the actual purchase and installation of equipment, and from your hardware mining blocks to storing or trading your mined cryptocurrency to a different coin or fiat - we are there the entire journey.
Need a spot to park your hardware? Whether your mining equipment is turning your garage or server room into a sauna, or you are paying high electrical costs, consider having us host and manage your mining hardware. Your electricity rate makes a huge difference on your costs to generate cryptocurrency and if your equipment gets any hotter, you may be losing hashrate as well as damaging your circuits and chips. In most situations, it can be more efficient to host your equipment where the power cost is lower. When you have Systech managing your equipment, you'll get two things: peace of mind and maximum efficiency. Let our experts take a look at your equipment to try maximize your hardware's potential. Contact us and find out if we're a good fit.
We generally suggest and offer cryptocurrencies that have the most potential. That could simply be for investment purposes and growth potential, or because we feel that ther is a promising use case in the future. However, this being our passion, if you have a coin in mind, we might already be in that space as well. Contact us and let us know what you are interested in. We can help you get started on purchasing, trading, or mining cryptocurrencies. You can host your own equipment, or allow us to host, manage and optimize your equipment to get you where you want to be.
Figuring out how to purchase, mine, or trade in the crypto-currency space can be a daunting task for beginners.
We can show you how to properly set up a wallet for your crypto, and secure your passwords and private key information. From various wallets to dozens of online trading platform and marketplace to use, contact us to get started.
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