The first part of this series, we take a look at the opportunities and potential obstacles for data centre operators, customers and technology suppliers from developments in the world of cryptocurrencies.
The direction of travel in the data centre industry is increasingly away from generic facilities with mixed IT loads towards application-optimised designs. Efficiency and productivity can be dramatically improved by physical infrastructure that is designed and managed for specific workloads and applications.
One class of workload that has seen a significant increase in dedicated data centre capacity recently is so-called cryptocurrencies. Best described as a ‘medium of exchange’, rather than currencies per se, they are not usually backed by a legal entity or government as with traditional currencies. Instead cryptocurrencies rely on the use of public key cryptography to secure communication between two third parties. The first and most well known recent example is Bitcoin but there are now believed to be more than 800 other types of cryptocurrency with the whole market being worth an estimated $60 billion.