RATE Group | Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life
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Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life

05 Sep Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life

Posted at 08:35h in Bitcoin News by

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With a population of fewer than 100 people, the small Canadian mill town of Ocean Falls sits dormant in British Colombia. Some think the Bitcoin mining boom could help reverse their economic fortunes.

Some Bitcoin 00 miners see themselves as soldiers of fortune. They go out to adventure across the world in search of good places to mine and make money.

Many have moved to places across China and Scandinavia. Locales in China like Inner Mongolia and Xianjiang have long been global hubs for coal-powered mining operations.

But carrying out business has become more and more difficult in China. In turn, many miners have started to search for remote locations across North America that feature cool weather and abundant hydroelectric power.

Small Towns… Big Mines

Over the past several months, an army of Bitcoin miners has descended into small towns across North America in a desperate grab for inexpensive electricity.

Officials in the rural town of Wenatchee, Washington, reported how dozens…

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