Bitcoin is a digital currency that has no central bank or government backing it. Without any authority to print money, bitcoins are created through a process called “mining,” which rewards networks of computers for solving complex puzzles that keep the network running. The more computing power, the more bitcoins that can be won, which is what this low-key farm in Thailand was designed to do.
The hash rate is the amount of computing power in use in the entire bitcoin computing network. Here’s what happened after the fire: Pics in the article, not sure if was supposed to put a link, its just the yahoo news article I saw.
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