Published on September 1st, 2015 | by bitcoin0
Examine an Icelandic Bitcoin mine closely
It’s the process that creates new bitcoin: By contributing computing power to process transactions on the bitcoin network, “miners” are rewarded with a portion of the digital currency.
Here’s a look inside one.
Assuming you’re getting a good deal on electricity — and ignoring all other costs — Streng says one bitcoin currently costs about $60 to mine.
In a speaking in a promotional video, chief technical office Stefan Schindler is candid: “Working inside a bitcoin mine is absolutely terrible.”
Anyone can go to their site and watch life in an Icelandic bitcoin mine day-to-day.