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What is Mining Farm?

Crypto Terms Glossary: What is Mining Farm?

A mining farm is a physical location, often quite large, that stores many specialized computers that are designed to mine specific cryptocurrencies. The most commonly mined cryptocurrency is bitcoin (BTC), but mining farms for other crypto assets also exist. Mining farms are typically very expensive to launch because of the costs of their exorbitant electricity requirements, the ongoing maintenance of mining rigs, and extensive cooling systems. However, it is becoming more common for forms of renewable energy to power crypto mining farms to combat these inefficiencies.

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