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Mining Bitcoin Has Become A Ruthlessly Competitive Business

A huge aircraft hangar in Boden, in northern Sweden, big enough to hold a dozen helicopters, is now packed with computers–45,000 of them, each with a whirring fan to stop it overheating.The machines work ceaselessly, trying to solve fiendishly difficult mathematical puzzles.The solutions are, in themselves, unimportant. Yet by solving …

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