Why bitcoin entrepreneurs are flocking to rural Texas
by Lauren Aratani from Technology | The Guardian on (#5NDXV)
Mining cryptocurrency requires lots of cheap energy and many miners have settled on Texas as their destination
In the middle of rural Texas, a cryptocurrency mine is currently under construction.
Hundreds of machines more powerful than the average computer will soon be housed in this 320-acre mining facility in Dickens county, where they will work day and night to solve a complex series of algorithms. If successful, the reward will be newly minted bitcoin, currently worth about $44,000 each.
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