Facebook has new neighbors in Sweden, and they’re building Bitcoin’s version of the Death Star – a 10 megawatt data center filled with high-powered computers mining for cryptocurrency.Bitcoin mining equipment company KnC Miner has begun construction on its new facility in Boden, about 10 miles down the road from Facebook’s server farm in Lulea.The data center is being built in a facility previously used as a helicopter hangar for the Swedish armed forces.It will be retrofitted to house thousands of custom Bitcoin mining rigs built by KnC Miner, one of a host of new vendors that has emerged to serve the growing market for Bitcoin hardware.KnC Miner is based in Stockholm, Sweden and has established a leadership position in Bitcoin mining rigs powered by ASICs (Application Specific Integrated Circuits) to crunch data for creating and tracking bitcoins.The company says it has sold $75 million in hardware since June, with customers in 120 countries.The new data center marks KnC’s entry into cloud mining services.

It’s the latest in a series of bitcoin companies to announce the establishment of multi-megawatt data centers for Bitcoin mining – the term for using data-crunching computers to earn newly-issued virtually currency.Like hyperscale computing companies such as Facebook, Bitcoin companies are chasing cheap power to improve the profitability of running their power-hungry rigs.litecoin pool 2017“We searched all over the world for a suitable place to build the first of many of our own mega data centers, and to find the best location lying right here in our home country is fantastic,” said Sam Cole, one of the co-founders at KnC Miner.bitcoin bank of america pdf“Our highly advanced technology consumes a lot of energy, so for us it was imminent to find a production site with access to renewable yet stable and safe energy.ebay clone script bitcoin

We have had an incredible amount of support from The Node Pole representatives, local companies and the government here in Boden.” The Node Pole initiative seeks to market Sweden as a destination for data center development, leveraging the region’s abundance of stable and competitively priced electricity from renewable energy.armory bitcoin sourceKnC Miner started construction last week, but expects it to be fully operational already within the next few months.bitcoin prison planetRepresentatives of the Node Pole said that KnC is “already in discussions with local authorities regarding the establishment of even larger facilities in the local area already later this spring.”ethereum miner debianBuy Bitcoin, Ethereum, & Litecoin In Sweden Coinbase is the easiest way to buy and sell Bitcoin, Ethereum, & Litecoin in Sweden Sign Up To Get Started Safe & Easy Coinbase makes it easy to exchange Bitcoin, Ethereum, and Litecoin in Sweden.litecoin mining better than bitcoin

We operate in 32 different countries around the world.Is Coinbase available in my country?Sweden Bitcoin, Ethereum, and Litecoin wallet Bitcoin, Ethereum, and Litecoin conversion See all supported countries › “Coinbase, headquartered in San Francisco, has become one of the most prominent businesses, allowing people to buy and store bitcoins and developing deals with merchants to help them carry out bitcoin transactions.” Supported Payment Methods In Sweden Name Description Buy Time Limits Bank Account (SEPA) A bank account that accepts SEPA payments is necessary to withdraw funds out of Coinbase.exchange litecoin for cashYou can withdraw funds from your EUR wallet into this account.bitcoin hard drive in trash4-5 days Higher limits Deposit A deposit from your bank can be used to add funds directly to your local currency wallet at Coinbase.

You can then buy digital currency (like Bitcoin, Ethereum, and Litecoin) using your deposited funds.4-5 days Higher limits Credit/Debit Card (3D-Secure) Credit and debit cards can only be used to buy digital currency (like Bitcoin, Ethereum, and Litecoin).We only accept Visa, MasterCard, and Maestro cards with 3D secure authentication support.Instant buy Lower limits Get started buying Bitcoin/Ethereum.fast - easy - free - secure - globalNow that you have your Bitcoin mining hardware, your next step is to join the best Bitcoin mining pool.Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hashing power.While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner.Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.Before you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet.The list below details the biggest Bitcoin mining pools.

This is based on info from Blockchain’s pool share chart:Antpool is a Chinese based mining pool, maintained by BitMain.Antpool mines about 15% of all blocks.DiscusFish, also known as F2Pool, is based in China.DiscusFish has mined about 12% of all blocks over the past six months.BitFury is one of the largest producers of Bitcoin mining hardware and chips.BitFury currently mines about 12% of all bitcoins in three data centers across Georgia.It’s a private pool and can’t be joined.BTCC is China’s third largest Bitcoin exchange.Its mining pool currently mines about 7% of all blocks.ViaBTC is a somewhat new mining pool that has been around for about one year.BW, established in 2014, is another mining company based in China.It currently mines about 8% of all blocks.BTC.top is another new pool.It does not appear to have a website, so it may be a private pool.Slush was the first mining pool and currently mines about 6% of all blocks.Slush is probably one of the best and most popular mining pools despite not being one of the largest.Bitclub Network is a large mining pool but appears to be somewhat shady.

We recommend staying away from this pool.GBMiners is another somewhat shady pool that should probably not be joined.The comparison chart above is just a quick reference.The location of a pool does not matter all that much.Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example.If you just want bitcoins, mining is NOT the best way to obtain coins.Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins.Get $10 worth of free bitcoins when you buy $100 or more at Coinbase.Bitcoin mining tends to gravitate towards countries with cheap electricity.As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power.With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins.China mines the most bitcoins and therefore ends up “exporting” the most bitcoins.Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoin’s hash power.It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste.China is home to many of the top Bitcoin mining companies:F2Pool, AntPool, BTCC, and BW.It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips.

BitFury currently mines about 15% of all bitcoins.Sweden is home to KnCMiner, a Bitcoin mining company based in Stockholm.KnCMiner currently mines about 7.5% of all bitcoins.The US is home to 21 Inc., a Bitcoin mining company based in California.21 runs a large amount of miners, but also sells low powered bitcoin miners as part of their 21 Bitcoin computer.Most of the hash power from the 21 Bitcoin computers is pointed towards 21’s mining pool.mines about 3% of all bitcoins.The countries above mine about 80% of all bitcoins.The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush (Czech Republic) and Eligius (US).Table of ContentsWhat is a mining pool?Get a Bitcoin Wallet and Mining SoftwareThe Biggest Mining Pools1.GBMinersBest Bitcoin Mining Pool ComparisonJust Want Bitcoins?Which Countries Mine the most Bitcoins?ChinaGeorgiaSwedenUSOther CountriesA Note on PoolsWhy are Miners Important?While we can see which mining pools are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself.There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing.To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail.The size of mining pools is constantly changing.