The Limited Times

Now you can see non-English news...

The United States, the new eldorado of bitcoin "miners"

2021-10-21T17:47:36.493Z


ANALYSIS - The new record reached by the currency has made the business of this sector totally turned upside down for a year.


Every time bitcoin hits a new all-time high, cryptocurrency “miners” rub their hands a little more.

It is they, armed with very powerful computers, who ensure the security of transactions on the decentralized network, by solving increasingly complex mathematical equations.

The payoff is the creation of new bitcoins.

Their level of remuneration rises - or falls - therefore with the level of the currency price.

As of Wednesday, it was worth nearly $ 67,000.

Read also

Bitcoins: how to value and transmit digital assets?

The industry in this flourishing sector has experienced a total upheaval since the beginning of the year, when China brutally banned this activity from its territory, officially for environmental reasons.

While in October 2020, the country still concentrated more than two-thirds of global mining capacity, its share fell to zero in July 2021, according to a recent study by the Cambridge Center for Alternative Finance, which is a benchmark in the sector.

In the same

This article is for subscribers only.

You have 75% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-10-21

You may like

News/Politics 2024-03-08T15:58:57.416Z
News/Politics 2024-03-28T16:35:20.974Z

Trends 24h

News/Politics 2024-04-18T09:29:37.790Z
News/Politics 2024-04-18T11:17:37.535Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.