hoyin
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What is interesting is how bitcoin has taken off in countries such as Zimbabwe where bitcoin is a more stable currency than their own.
It takes a phenomenal amount of computer power now to mine bitcoin. As the algorithm gets more difficult to solve.
There are bitcoin farms in China in industrial areas that have opened because the local government encourages businesses by offering discounted electricity.
It has 25,000 machines, uses $35,000 of electricity a day running 24hrs and live on site mechanics to keep the machines running. Doesn't say how much it makes in a day though.
https://qz.com/1055126/photos-china-has-one-of-worlds-largest-bitcoin-mines/
Sent from my iPhone using Tapatalk
It takes a phenomenal amount of computer power now to mine bitcoin. As the algorithm gets more difficult to solve.
There are bitcoin farms in China in industrial areas that have opened because the local government encourages businesses by offering discounted electricity.
It has 25,000 machines, uses $35,000 of electricity a day running 24hrs and live on site mechanics to keep the machines running. Doesn't say how much it makes in a day though.
https://qz.com/1055126/photos-china-has-one-of-worlds-largest-bitcoin-mines/
Sent from my iPhone using Tapatalk