Thursday, May 25, 2017

The Technology Behind Bitcoins

Did you notice that the price of the crazy money thing called Bitcoin has gone ballistic lately ? Probably not.  What is interesting is the technology behind the mining of bitcoins. As it says in the accompanying article, it costs $250 to mine a $2000 bitcoin. Thats a lot more in percentage terms than it costs to make a US $10 dollar bill.  Only gold is more expensive to mine in percentage costs.

Anyway check the tech behind the Icelandic bitcoin miners in this article

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