“Alex Wilhelm is a bitcoin miner, one of thousands who use computers to solve complex math problems and get their hands on the digital currency. The expatriate living in Tokyo has 30 remote-controlled servers mining virtual gold in an old brick building in the Austrian countryside. His father is donating the electricity, which comes from a water-driven turbine that survived a World War II bombing raid and once powered the entire village of Tattendorf, where Wilhelm grew up. While the operation is modest as mining farms go, it illustrates a basic point: the race to uncover cyber cash has become so energy intensive that power bills now make it mostly unprofitable.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Get ready for a Bitcoin debit card
U.K. promises Scots more power if they vote 'no' on independence
Iranian hemophilia society: U.S., EU sanctions endanger lives
India to Intensify Scrutiny of Citizens' Social Media, Emails
Jim Rogers Joins Bill Gross Warning on Treasuries
Prague sends aid package to Texas blast town in honor of shared Czech heritage
Brazil Has Worst Trade Gap Since at Least 1991 on Export Plunge
The Food-Truck Business Stinks
Georgia supervisor, coworkers and four others cashed 1,300 U.S. Treasury checks before authorities c...
31 Orlando cops sued for doing nothing while nightclub patrons were massacred
Parents investigated for neglect after letting kids walk home alone
New York cops’ massive salaries are robbing taxpayers blind
Myanmar faces big setbacks to implement stock exchange
More Renounce US Citizenship but Deny Stereotype
Central banks last year bought most gold since '64