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sierra mining bitcoins

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Sierra mining bitcoins

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The Wall Street Journal

Michael Poteat, an engineering student at Old Dominion University in Norfolk, Va., decided to start mining bitcoin four months ago.

Using some of his bitcoin holdings, he purchased 20 “mining rigs,” computing boxes that solve complex equations to generate new coins.

But while running one rig, he kept tripping the circuit breaker in his home. So the year-old looked into leasing commercial space but struggled to find a large-enough place without neighbors who would mind the noise.

As the dramatic surge in bitcoin’s price lures both individuals and corporations to try their hand at mining cryptocurrencies, many people are facing similar problems to Mr. Poteat. That’s giving rise to “hosting” or “colocation” services that make mining easier for the masses by providing ready infrastructure, security and electricity.

In February, Mr. Poteat moved his equipment into a data center run by Bcause , a five-year-old company that is laying out plans to build the largest bitcoin mining operation in North America.

Источник: conwaytransport.com.au

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