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Business Fire at Bitcoin Mine Destroys Equipment A fire in a warehouse-style facility in Thailand has destroyed hundreds of bitcoin mining rigs, whose value may run into the millions of dollars, according to accounts on foreign press and social networks.
Rich Miller Nov 06, Bicoin of a fire in link warehouse-style facility bitcoun Thailand have raised tough questions about the wisdom of hosting expensive bitcoin mining equipment bitcoin mining company 4 fire low-cost warehouse facilities. Reports on foreign mlning and social networks suggest the fire last month may have destroyed hundreds of bitcoin mining rigs, with estimates of their value running into the hundreds of thousands and even millions of dollars.
The fire illustrates the risks of operating high-density computing gear in low-tech environments, and underscores the value of data centers that offer advanced electrical infrastructure and fire suppression systems.
The fire in a Bangkok suburb reportedly destroyed three buildings that housed Bitcoin mining hardware.
In postings on BitcoinTalk, officials from Spondoolies Tech said the cause of the fire is unknown, bitclin one was hurt bitcoin mining company 4 fire that they believe the equipment was uninsured. The company fjre the "buildup was definitely not according to U. The bitcoin network infrastructure is split between data centers and no-frills hashing centers featuring high-density hardware and low-reliability power infrastructure, often housed in former warehouses.
Many bitcoin entrepreneurs focus on building high-powered infrastructure at the cheapest price point possible. As industrial mining operations scale up, they are optimized for rapid changes in hardware and economics. But there are tradeoffs that accompany this single-minded focus on cost. Data center veteran Mark MacAuley has been publicly warning about the potential for this type of incident in low-budget mining facilities. Most traditional data centers feature fire suppression equipment.
Early detection can allow data center operators to quickly extinguish a fire or smoke condition before it can damage entire racks and rows of expensive equipment. When a fire occurs, data centers use several methodologies to extinguish the fire. These include "pre-action" sprinkler system in which water fills the sprinkler pipes only upon an alarm, reducing the potential that leaks in overhead pipes will cause water damage.
Most clean agents are hydrofluorocarbons HFCwhich lack the ozone-depleting characteristics of chlorofluorocarbons CFCs like Halon gas, which was once popular in data centers. Will this incident prompt more bitcoin miners to consider hosting equipment in traditional data centers?
It's too early to say. Recent declines in the price of bitcoin have further tightened profit margins for miners. To remain competitive, industrial mining operations are making large investments in new hardware. Many businesses would seek to protect these investments with business insurance, but insurers will likely compajy want the equipment to be hosted in facilities with com;any fire detection and suppression equipment.
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