Menu IconA vertical stack of three evenly spaced horizontal lines. Bitcoin mining rigs’s set up an army of number-crunching computers in two warehouses at an undisclosed location in Washington State.
8 million worth of Bitcoin per month! He invited KOMO News, a local Seattle station, to come check it out. Screen Shot 2014 03 10 at 10. Carlson’s space is filled with computer boards, each housing several chips that do the actual Bitcoin “mining. Check out the video below for a more in-depth walkthrough of Carlson’s space.
If you need a primer on what Bitcoin is, watch the video from the beginning. If you want to get right to the unbelievable mining setup, jump to three minutes and ten seconds in. Get the latest Bitcoin price here. You have successfully emailed the post. But arguably more important are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity. Bitcoin runs on a blockchain, a decentralised and public ledger of every transaction made on the network. By offering processing power towards this, users get a chance to win bitcoin — creating an arms race of miners scrambling to assemble ever-more sophisticated and powerful equipment to “mine” new bitcoin.