Bitcoin miners why would you use immersion cooling? 

That's the topic we want to go through today. For those of you who aren't familiar, Bitcoin mining is done generally one of two ways: 

A traditional way, where you have a computer sitting in a data center and various form factors. That's just running in air. It has two fans, one on each side, coldish air goes in one side, hot air goes out the other, and it hashes away to secure the most secure network mankind has ever built, which is the Bitcoin blockchain. 

An additional way to run these computers is to submerge them in a dialectic fluid. And that just means the computers is completely, absolutely isolated from the local environment. It means that it doesn't matter if it's hot outside. It doesn't matter if it's dusty outside. Maybe there's a lot of ice in the air. Maybe it's high humidity. 

All of these things have a dramatic effect when you have a computer that has air running over the chips. If you get a lot of dust built up on the chips, they start to degrade in performance. It could cause failure. If you have ice that then heats up and turns into water. Boom, you fry your computer. Immersion technology for Bitcoin mining is the perfect application.

Traditionally immersion has been phenomenally expensive compared to running it in air. We are at a point now where on a, the payback period of a mining machine itself let's call it five years. Immersion can pay for itself inside of the lifespan of one generation of equipment.

Let me say that a different way, before the cost you'd have to have a payback period of 20 years, then it became 10 years and now it's five years or less. At the same time, the Bitcoin mining equipment is lasting longer and longer and longer.  Now we're at a point where immersion technology is the obvious choice for anyone getting into Bitcoin mining that plans to do it for at least one cycle of equipment.

Hope that was helpful. Next time we'll talk a little bit more about the differences in immersion mining.