Bitcoin Miners Get Chilly Reception In New York’s Rust Belt

PATRICK McGEEHAN, NY Times: Local
Wed, 09/19/2018 - 12:00am

A region that once attracted heavy industry is coping with an influx of Bitcoin speculators, lured by an abundance of cheap electricity.

Topics: bitcoin

BING NEWS:

Bitcoin ‘Halving’ Cuts Supply of New Tokens in Threat to Miners
The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions.
04/19/2024 - 11:52 pm | View Link
How Bitcoin Works
Mining is the process of validating transactions, which requires miners, who are rewarded in bitcoin. You access your bitcoin using a wallet, a public key, and private keys. Bitcoin users pay ...
04/19/2024 - 12:59 pm | View Link
Bitcoin halving isn't a big deal for long-term investors, but may have a 'huge' impact on one key group, says Columbia professor
Bitcoin's "halving" is expected to happen soon. But its potential impact depends on your relationship to the coin; it's likely to affect miners and investors differently. "To the people who own ...
04/19/2024 - 6:37 am | View Link
What bitcoin halving means for investors
Bitcoin has dropped over 10% within the past 5 days in anticipation for the "halving" of bitcoin.Halving is when the reward for bitcoin mining is cut in half to reduce the amount of coins in ...
04/17/2024 - 4:58 am | View Link
Best Bitcoin Mining Software Of 2024
To record transactions and encode them on the blockchain, bitcoin miners use their computers to solve complex math equations in order to earn the right to add new blocks to the blockchain.
04/16/2024 - 4:38 am | View Link
More

MoviesWithButter : Our Sister Site