RATE Group | College Students Use Free Electricity on Campus to Mine Bitcoin
25640
post-template-default,single,single-post,postid-25640,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

College Students Use Free Electricity on Campus to Mine Bitcoin

06 May College Students Use Free Electricity on Campus to Mine Bitcoin

Posted at 06:48h in Bitcoin News by

[ad_1]

Bitcoin mining has become harder to turn a profit as scarcity and increased complexity to solve algorithms requires added skill, computing power, and electricity. As large companies steadily take over the cryptocurrency mining activity, enthusiasts get creative to reduce expenses to make it worth it.

Bitcoin Mining Gets Popular on College Campuses for Its Free Electricity

Alex Gilarde, a senior at Fairleigh Dickison University, started mining cryptocurrencies in 2012, when it was still relatively easy to profit from the activity. Bitcoin was cheaper than $5 when he and his friends decided to venture into mining.

“When I started mining cryptocurrencies and going onward, I would do it in my parents’ house and in our own school actually after school. I would leave my laptop in different corners of the school”, Gilarde told CNBC, explaining his long-term perspective on the activity led him to spend $4,000 to $5,000 on hardware to build his mining rigs.

His investment has paid off….

[ad_2]

Article Source

Tags:
, , , , ,