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Mining for cryptocurrency? Yes, it’s real. And the power it requires (along with the consequences when that power fails) are no less real than they are for a gold or silver mine.
Cryptocurrencies have existed since 2009. They are digital currencies that are generated by computers as those computers solve mathematical problems. They have no centralized banks and are outside of government control.
Instead, these currencies, the original and most famous of which is Bitcoin, are regulated by protocol that limit their creation and by individuals and companies called “miners”.
Mining is done by computers that process vast amounts of information in exchange for coins.
These computers need power — and lots of it.
Recently, a leading Bitcoin mining company contacted Trinity with what could have been a big disaster. The delivery of multiple 2500kVA substations required to power the company’s mining pods had been delayed. With this equipment now set to arrive in a month, the client needed a temporary solution to get some of their mining pods up and running quickly in the meantime.
Acting fast, Trinity designed four distribution set-ups that would allow 8 mining pods to operate. Due to the high fault current, all of the distribution equipment required a 65kA rating at 480V. So Trinity designed each distribution system to include a 2500kVA 25kV-600V distribution transformer, a 2500A 600V breaker disconnect, a 2500kVA 600-480V autotransformer, four 800A breakers and over 400 feet of low voltage camlok cable.
Thanks to Trinity’s extensive distribution inventory, we were able to source most of this equipment from our three locations in BC, Alberta and Ontario. We also sourced the main distribution transformers from a vendor in Quebec and purchased the remaining eight 800A 480V 65kA rated breakers that were required.
Between equipment transfers and prep, we were able to deliver the equipment to the client’s site in just over a week, saving them three weeks of productivity — and profit.
Thanks to this multi-faceted solution, the client was able to minimize the delay in operations, and maximize returns for clients and investors. Just another day on the Bitcoin blockchain.