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Massive Bitcoin mining rig earns $8 million per month
Related on IDG Answers How will the closure of Mt. Gox impact BitCoin? Generating a small town's worth of electricity and a petahash of processing power, a Bitcoin mine in Washington is making its operators millionaires. A veritable mine in Washington state is pumping out an estimated $8 million in Bitcoins per month. Local TV news station KOMO News was given a peek at what the people behind it are calling "the largest mine in North America and most of the rest of the world." Built across two warehouses, the racks of constantly running mining rigs combine to provide a petahash of processing power, at the expense of 1.4 megawatts of electricity, devoted to solving the increasingly complex algorithm that generates Bitcoins. The result is monthly earnings of $8 million in Bitcoin per month, according to the report.
Bitcoin is one of the best and unique currency exchange process.Mining is the process of adding records to bitcoin transactions. Mining is internationally designed to be secure and mange the bitcoin transactions system. Bitcoin mining is so called because it’s responsible of bitcoin system. Mining is also introducing you to Bitcoins into the system. Bitcoin is peer to peer technology. If you have the knowledge of mining, then you can easily to handle the bitcoin concept. There are many mining programmers which are helping you to maintain the bitcoin currency system. If you live in USA, then you can definitely get more benefits from this organization. It provides many easy process of bitcoin buying system.
