Enigma is one of the largest cryptocurrency mining facilities in the world. First built to exclusively mine Ethereum, the facility is being continuously upgraded for mining state-of-the-art Blockchain technology. Enigma’s computational performance is achieved with specifically designed mining rigs that efficiently mine hashing algorithms for various cryptocurrencies such as Zcash, Dash, Monero and others. The Enigma facility is powered by geothermal energy, and resides in the capital of Iceland.
Scroll down for more in-depth information on how Enigma mines cryptocurrency!
The results of cryptocurrency mining highly depend on infrastructure efficiency and electricity rates, which make renewable energy sources - such as geothermal and hydropower - the go-to solution for a cost-effective and clean mining operation. Today, over 80% of Iceland’s energy is provided by renewable sources.
Enigma is powered by a setup of optimized GPUs (graphic processing units). These GPUs are placed in ‘Rigs’ which are specifically designed to house as much hashing power as efficiently as possible. The miners’ software is configured for maximum performance by mining Kernels (hardware operating systems) like ‘sg-miner-gm’ that we’ve developed in-house. We then manage it with our Genesis Hive interface.
Genesis Hive is our software interface which enables the efficient setup, configuration and management of all our mining facilities. Keeping track of all devices is key for the success of any mining operation. Besides the total hashrate, power consumption and facility temperatures there are a myriad of details and settings like firmware, mining pools and safety protections that need to be checked and managed.
Enigma is validating the blockchain networks of many of the majorly distributed cryptocurrencies such as Ethereum, Litecoin, Zcash, Dash and others. The most popular and widespread cryptocurrency, Bitcoin, is being mined in facilities with a different hardware setup (such as ASIC miners).
Iceland - May 2017. On behalf of Genesis Mining, CTO Stefan Schindler gives an in-depth explanation of how a cryptocurrency mining rig is built.Published on
Iceland - May 2017. On behalf of Genesis Mining, Head of Operations Philip Salter explains the challenges of building a cryptocurrency mining farm!Published on
Iceland May 2017 - On behalf of Genesis Mining, CTO Stefan Schindler exposes the advantages of the so-called alternative cryptocurrencies and their future development in the Blockchain industry.Published on
On behalf of Genesis Mining, Head of Operations Philip Salter reveals the ultimate secret of large scale cryptocurrency mining: Hive, Genesis Mining’s own monitoring software.Published on