Bitcoin Mining

There’s a lot of hype regarding cryptocurrencies and its underlying technology, blockchain. When you try to explain the technology to someone else, you usually lose them when you explain the mining part. I thought this video did a good job of showing how it actually works, without getting lost in the details.

The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day mining bitcoin. A warehouse full of ASIC Bitcoin miners run 24/7 to manufacture Bitcoin. The location of this Bitcoin Mine is one of the world's epicenters for mining.