Foreign policy

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What Are Bitcoin Mining Farms & How Do They Work? Posted: 23 Jan 2022 04:39 AM PST Have you ever considered how cryptocurrencies came into existence? Is there a specific place for it? Yes, cryptocurrencies are made/mined in a specific area, which is usually large enough to accommodate high-tech computers with air conditioning. Bitcoin miners are paid with cryptocurrency for their efforts in cracking the code and creating bitcoins. Because producing or mining a single bitcoin consumes a lot of energy, a large number of computers are required. As a result, mining pools are being examined as a way to cut the cost of computers. This entails collaborating with a group of miners in a single location The post What Are Bitcoin Mining Farms & How Do They Work? appeared first on Foreign Policy.

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