Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. However, most the coverage has missed out one of the more…
Tag: bitcoin mining
Cryptocoin Mining
What is mining? Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (and a “mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining”). This ledger of past transactions is called the block chain as it is a chain of blocks….