Description: Inside Iceland's Massive Bitcoin Mine Why has a chilly island in the north Atlantic become a crucial frontier in the occult, high-stakes world of crypto currenc
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Paul Brody, global blockchain leader at the professional services firm, says they will be under "tremendous" pressure to find alternative banking relationships.
When Bitcoin debuted in 2009, there were over 21 million coins up for grabs. The tokens were ridiculously cheap, but not many people were ready to invest in them. However, years down the line, the number of coins began to dwindle, and the Bitcoin craze hit a homerun. It’s not just individuals investing in Bitcoin. Publicly listed companies have joined the race, and they are willing to part with crazy amounts of money to get every last one of the remaining Bitcoins before they run out. Watch this video to fi
Back in the day, if you wanted to mine Bitcoin, everything you needed was a computer connected to the internet. You could let your PC do its thing, and if you got lucky, you earned a piece of this popular decentralized cryptocurrency. Unfortunately, if you want to mine bitcoin today, this strategy doesn't cut it anymore, as companies are building huge bitcoin mining farms/data centers, which consist of thousands of GPUs mining bitcoin all day long! These consume enormous amounts of power and are usually bui