HOW Bitcoin farm produce cryptocurrency and why, contrary to stereotypes, not everyone can get rich and how much virtual currency generate the largest world crypto-farms
WHERE Born Bitcoin
Despite the fact that Bitcoin - currency exclusively virtual, it appears not from the air. The process of obtaining cryptocurrency called Mining. At the origins of the usual miner lacked a home computer, and then - playing videocards, but the increase in capacity capable of generating cryptocurrency were only the owners of special equipment.
Computer owner, decided to take Bitcoins simply solves complex math problems to give as a reward virtual money. Bitcoin operate on the basis of the blockchain system - it does not have a single center, and has a distribution such that at the same time ensures the reliability and safety.
All transactions are taking place through the miners: their computers should check the accuracy of the translation by using a private key and information about all new transactions. If confirmation of the operation took place, for the formation of block miner receives award 25 Bitcoins. Every four years, the system reduces the amount of remuneration, and it will be smaller exactly twice in the next year.
The total volume of the issue is limited to Bitcoin and will not exceed 21 million. Currently, more than half of cryptocurrency already generated.
Farmers-miners
The time when Bitcoin generated by a home computer, long past - is now engaged in this huge farm. First of all, it involves a huge amount of electricity that computers used to work.
Currently in the world there are several Bitcoin farms, the largest of which is located in the north-east of China, in rural areas in Liaoning Province.
The owners of the farm are four people whose identities are unknown. The factory building employees live and work, which almost never happens at home and are surrounded by the incessant noise and relatively high temperature.
Vice Reporters who visited the biggest farm in complete secrecy, became acquainted with the work of the huge computers at a time when the price of Bitcoin fluctuated around $ 375. Currently, she is a little more than $ 650.
All that was found reporters: farm turnover was $ 1.5 million per month, which means that in the hands of four people is about 3% of the entire network.
Much more modest living software specialist Dave Carlson, who started his farm in Washington state on the Pacific Coast. According to Carlson, he was forced to do Bitcoins debts.
Own cellar and low electricity rates in Washington state allowed him for the year to become the owner of multimillion-dollar business. According to the stories of a businessman, his monthly expenses are about $ 1 million, but "pays off".
Another famous farm called Genesis Mining is located in Iceland. Its creators have relied on cold climate, because it is a natural cooling significantly reduces the cost of the production of Bitcoin. In addition, the country is famous for cheap electricity and high speed internet access.
The creator of Bitcoin farm in Switzerland Guido Rudolphi sure cryptocurrency essential world, as once was needed online. Rudolphi has long been studying a new phenomenon, trying to create some farms, and eventually stopped in the village of Linthal. Bitcoin largest farm in the country, of course, located in an area with the cheapest electricity.
But despite the fact that at least two European cities are impressive farm, more than half the capacity of the entire Bitcoin network is concentrated in China.
There Bitcoin farm located in the strictest secrecy.
Workers at them, as a rule, unpretentious, does not require a high-wage, ready to live in more than modest circumstances and conduct on the job most of his life.
Director of Marketing HaoBTC Eric Moo managed to spend about three months in the company, which owns one of the Chinese Farm in the mountains of western Sichuan. The photos brought out Mu, it is clear that working conditions are often appalling, and areas with computer equipment does not like "House of the Future", which are so like to show in the film.
Because in addition to the Bitcoin world have already appeared and other cryptocurrency (for example, there are also Ethereum or Steem), the largest financial players have come to realize that blockchain technology, which operate cryptocurrency certainly worthy of study and in the future may provide financial transactions without intermediaries.
and BONUS........................
A secretive bitcoin mining operation in China. $8 million in mining revenue every year and a 360° view of the secretive facility.
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