“A large bitcoin mining facility in Thailand went up in flames this week, destroying the five-megawatt operation and disrupting the crypto-currency’s entire network. Bitcoin is a digital currency that has no central bank or government backing it. Without any authority to print money, bitcoins are created through a process called ‘mining,’ which rewards networks of computers for solving complex puzzles that keep the network running. The more computing power, the more bitcoins that can be won, which is what this low-key farm in Thailand was designed to do. Local media reported that the fire at the facility in Thailand, run by a group called Cowboyminers, raged for more than half an hour.”
http://qz.com/293418/an-enormous-bitcoin-mine-went-up-in-flames-affecting-the-entire-network/
Tip Freedomwat.ch Staff with Bitcoin