Most folks in the data center world have heard of the Uptime Institute. It is an association (one of a few, actually) that highlights standards and best practices for constructing data center properties. Facilities are graded on a Tier system. The more redundant the infrastructure, the higher the Tier rating. Of course, the Tier system isn’t a perfect assessment metric. But it provides basic guidelines for a data center end user to judge the best solution set available to them. It is time to provide the same service for cryptocurrency infrastructure.
Today, most miners immediately think “data center” when looking for a mining host. Unfortunately, crypto hosting is a much different product than a true “data center”. As such, it deserves its own association to assess the varying degrees of infrastructure and the rationale for deploying a Tier I solution vs. a Tier IV solution. As a premiere hosting partner for cryptocurrency miners around the world, MDI is developing a Tier rating system cryptocurrency miners can use when comparing hosting sites. Standardization is a commodity sorely needed in what feels like a “wild west” of miner hosting solutions.
IT Departments often demonstrate a maddening trait when selecting data center solutions. They look at cloud, colo, and on-premises data centers as mutually exclusive choices. Going cloud means foregoing colo, and going on-prem means foregoing the rest. But IT workloads aren’t “one size fits all” propositions. According to Rock Crutchley, COO at Iron Mountain, “Legacy or custom-built applications can be critical to business continuity and are often difficult to migrate to the cloud. Furthermore, successfully identifying the workloads you want to migrate to the cloud does not mean they will get there overnight. Cloud migration takes time, planning and preparation.” Enter the hybrid solution.
“Hybrid IT architectures with colo as the foundation increase efficiency, lower costs, and mitigate risks when compared to environments with only in-house data centers,” wrote Crutchley in his recent Voices of the Industry article for Data Center Frontier. (Data Center Frontier). Colocation is the most logical venue for hybrid IT as providers also offer a wide-range of on-demand data center services and ecosystems that include in-market personnel for almost any resource gap.
It is important to choose a partner that can help you and your IT team navigate the choices --- including hybrid choices --- that meet your financial and service level goals.
Well, if the cat wasn’t out of the bag before this, it is now. On February 22, 2018, Bank of America made some startling (if not obvious) statements about digital currencies, including cryptocurrencies, in a filing provided to the SEC.
“Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies,” the bank said in the filing. “The widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services,” it said. “Emerging technologies, such as cryptocurrencies, could limit our ability to track the movement of funds. Our ability to comply with these laws is dependent on our ability to improve detection and reporting capabilities and reduce variation in control processes and oversight accountability.”
Cryptocurrency is at an interesting crossroads. On the one hand, crypto has outperformed even the wildest expectations for it as an asset class thus far. However, it will never perform to its full potential until it develops far wider acceptance as a payment method in the larger regulated economy. Instead of viewing cryptocurrency as a threat, larger corporations should be examining how they can be the first to bring this new, volatile asset class “mainstream”.
In response to the explosive demand for miner colocation hosting services, MDI Access has launched MDI Mines --- a premier plug n’ play cryptocurrency mining colocation service. Every kw rented from MDI Mines comes with the following amenities:
Rumors are swirling that Equinix will Buy Infomart later this month. In Montreal, eStruxtture is finalizing a deal to take over Kolotek. What does this mean? Well, that M&A activity in 2017 was not a fluke. Expect this trend to continue at least through Q1 and Q2 of 2018.
In October, 2017, Equifax revised its estimates upwards on how many victims had been hacked. Fortune Article. If that was not bad enough, Equifax disclosed to the Senate Banking Committee that the breadth of information compromised in the hack was larger than previously reported. Consumer Reports Article. “This is a demonstration of the broad array of personal information that Equifax holds about nearly every American, and a reminder of the need for individuals to protect themselves following the breach,” says Anna Laitin, director of financial policy at Consumers Union, the advocacy division of Consumer Reports. “If consumers haven’t yet put a freeze on their credit report, now is as good a time as any to do so.”
Data Discourse Season 2, Episode 1: Risk Assessments for Information Protection in European Data Centers
Michael Rechtin (Partner, Baker McKenzie) and John Heiderscheidt (AFCOM Chicago, Host) shares the insights he developed from leading a risk assessment study of Data Centers across dozens of European jurisdictions. They also discuss M&A activity and non-disclosure agreements in the U.S market.
Presenters: John Heiderscheidt (Host, AFCOM Chicago Chapter President), Sarah Markey (AFCOM, Membership Director)
Episode 10: Sarah Markey (Association Director, AFCOM) and John Heiderscheidt (Chicago AFCOM Chapter, Host) wrap up the first season of "Data Discourse". They preview what’s ahead for AFCOM in the new year. Listen to learn the new AFCOM membership benefits and member resources coming in 2018.
On December 29, 2017, The Enterprisers Project published 15 predictions for tech in 2018. Enterprisers Project Predictions. Multiple predictions relate to AI – artificial intelligence – and cloud solutions. Two stand out.
Seth Noble, Founder of Data Expedition, Inc., predicts “a consolidation of best practices” for cloud migration will result in a customer-centric cloud solution paradigm rather than the current vendor-centric paradigm. This prediction seems intuitive, but it ignores a larger issue brewing under the surface --- cloud migration is not a sure bet to reduce OP EX. For every several IT groups moving to a cloud model, one will migrate back from cloud solutions to a colo or on-prem operation.
The second prediction comes from Rich Rogers, SVP, IoT product engineering, Hitachi Vantara, who believes data centers will be “fully autonomous” operations. “IoT and AI will enable data center issues to be root-caused and resolved automatically by software.” While it is nice to dream of a world where the facility manager controls the data center through “voice technologies” from “any location”, don’t bolt for the beach just yet. Even if AI and IoT were capable managing a data center without the need for human assistance, the data center industry is simply too risk / change averse for a seismic “full autonomy” shift to happen in 12 short months. It’s reasonable to expect this kind of shift, but not at the pace Rogers’ rosy view envisions.