17 Feb '14, 3pm

The 15 most unusual, clever, and potentially flammable Bitcoin mining rigs

The 15 most unusual, clever, and potentially flammable Bitcoin mining rigs

Mining Bitcoins is as popular as it’s ever been, but that also means it’s gotten quite difficult. For a machine of any sort to generate new Bitcoins, it has to contribute some work to keeping the currency afloat — mining Bitcoins is really the act of adding transaction records to Bitcoin’s publicly accessible ledger, known as the block chain. The block chain is like a decentralized master spreadsheet that confirms when transactions have gone through, essentially preventing anyone from duplicating Bitcoins. A hash is also generated as a proof-of-work, which entitles the miner to the newly generated coins as a reward.

Full article: http://www.geek.com/chips/the-15-most-unusual-clever-and-...

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