Is Swarm Bzz the Next Cryptocurrency Mining Trend?
The 21st century gold rush does not involve shovels, picks and pans. Instead, the rush to mine Bitcoin, USDT and other cryptocurrencies require specialized computers and increasing demand for data centers to equip and to handle cooling of heat generated from hardware.
With cryptocurrencies such as Bitcoin and Ethereum that have a growing track record of holding and increasing in value over time. BZZ, another form of recently most buzz about cryptocurrency, has raised US$6 million in a private token sale in February this year, and its public token sale is scheduled to take place on 14 June 2021 via Coin List with the Bee mainnet soft launch to happen on 13 June 2021.
Bzz is a functional token issued by Swarm, which is a distributed storage platform and content distribution service, a native base layer service of the ethereum web3 stack that aims to provide a decentralized and redundant store for dapp code, user data, blockchain and state data.
In February this year, Swarm has announced airdropping 1 million BZZ tokens, and has since made it one of the hottest projects in the currency circle, with many people are discussing and curious about how the coin is mined.
And now, the Swarm project has stimulated the market to increase the number of active nodes and collect feedback from various communities. Swarm said earlier that they were pleased to see the network is growing and hundreds of new nodes are being added every day, and the surge of blockchain transactions related to Swarm mainly came from users who were cashing out very small amounts of BZZ cheques.
While cryptocurrency mining is power-hungry, involving heavy computer calculations to verify transactions. For the time being, China, with its low coal price and abundant wind power, leads the world for Bitcoin mining. The United States and Russia are tied for second place.
It is expected to see increasing cryptocurrency mining demand for power, large bandwidth capacity and data center space, due to the fact that they are being eagerly needed by global cryptocurrency miners.
Over the past few years, Dataplugs has received a growing number of enquiries for the cooling of cryptocurrency mining facilities. The cryptocurrency market is growing at a rapid pace in Asia, and miners are now competing with large-scale businesses for data center wholesale space and infrastructure.
If you would like to know more about how Dataplugs’ purpose-built data centers can help you out with cryptocurrency mining, click HERE or feel free to contact us by email to sales@dataplugs.com.