Jonny Fry Posted
How and where are Bitcoins mined?
A 2 min video that reveals where BTC is being mined and the use of renewable energy
The recent surge in the price of Bitcoin will no doubt be spurring on those who have access to cheap sources of electricity since Bitcoin mining requires a huge amount of electricity. Every ten minutes 6.25 Bitcoins are created which, at $41,000, handsomely rewards the successful miner over $256,000. However, as to be expected, alongside these potential profits we are seeing much confusion globally and some unexpected consequences. There is a hidden story about Bitcoin mining. A ‘hash’ a term...
A 2 min video that reveals where BTC is being mined and the use of renewable energy
The recent surge in the price of Bitcoin will no doubt be spurring on those who have access to cheap sources of electricity since Bitcoin mining requires a huge amount of electricity. Every ten minutes 6.25 Bitcoins are created which, at $41,000, handsomely rewards the successful miner over $256,000. However, as to be expected, alongside these potential profits we are seeing much confusion globally and some unexpected consequences. There is a hidden story about Bitcoin mining. A ‘hash’ a term...