Friday, August 22, 2014

From Gold Rush to Arms Race: Why Bitcoin Mining is Heading North


The face of industrial-scale bitcoin mining is changing with every passing month, having already pushed far beyond the bounds once envisioned, perhaps, by the hobby miners of four years ago.


The landscape is much different now. Many large-scale mines are shifting from warehouse set-ups to data centers better equipped to deliver the massive power and cooling resources necessary to compete in a steadily accelerating industry.


Bitcoin News spoke with executives from some of the biggest hardware companies in the mining space. During those discussions a picture emerged of an industry undergoing a rapid level of investment, development, and most importantly, competition.



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