Targeted warehouse locations with high electrical capacity
Bitcoin mining is the way the network confirms new transactions and is a critical component of the blockchain ledger's maintenance and development. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem receives the next block of bitcoins and the process begins again.
Today, Bitcoin mining hardware is almost entirely made up of ASIC machines. Today's ASICs are many orders of magnitude more powerful than CPUs or GPUs and gain both more hashing power and energy efficiency every few months as new chips are developed and deployed.
Bitcoin was created to function as peer-to-peer electronic cash. Bitcoin transactions are messages, like email, which are digitally signed using cryptography and sent to the entire Bitcoin network for verification. Transaction information is public and can be found on the digital ledger known as the 'blockchain.' The history of each and every Bitcoin transaction leads back to the point where the bitcoins were first produced or 'mined.'
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