Wednesday, 11 April 2018

Technology: Mining the cryptocurrency craze as rigs sprout across Singapore

With the digital currency fever taking Singapore by storm, companies that host computing “mining rigs” have been popping up over the island, some even as recent as last month.

“Hosting” companies charge a monthly “rental” fee – typically paid in six-month to one-year contracts – for storing, running their customers’ rigs along with often around-the-clock maintenance and support.

Typical hosting companies can be found in industrial estates and fees can be from $100+ to $300+ per machine, depending on the rigs. Bigger companies can host up to a few thousand rigs and smaller ones up to a few hundred rigs.

For the rigs to have longer lifespan, it is best they are in cleaner environment.


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