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Tag Archives: Electricity

Cryptocurrency Mining in Theory and Practice

“The purpose of mining is not the creation of new bitcoin. That’s the incentive system. Mining is the mechanism by which bitcoin’s security is decentralized.” Andreas M. Antonopoulos Key Takeaways Cryptocurrency Mining can be seen as global arbitrage on electricity prices. Mining firms can strike lucrative deals with energy providers in Switzerland, the U.S., and Scandinavia….

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