RATE Group | Sarnia’s Bitcoin mining operation part of a much bigger story
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Sarnia’s Bitcoin mining operation part of a much bigger story

06 May Sarnia’s Bitcoin mining operation part of a much bigger story

Posted at 09:51h in Bitcoin News by

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Posted in Front Page | News

What it looks like inside a large-scale crypto currency mine run by CryptoGlobal Corp.
CNW Group/CryptoGlobal Corp.

Phil Egan

If your idea of a modern miner is a guy with a lamp-helmet and pickaxe, you may be a techie dinosaur – as I was mere days ago.

That was before I learned about a technology that might be as revolutionary as the Internet itself.

It’s called hyperledger blockchain technology, and many believe it’s about to do for business what the Internet did for communication.

The blockchain was originally devised for the crypto currency, Bitcoin. The digital currency was created in 2009 in the wake of the financial collapse that wiped out banks and investment companies, taking savings, pension funds and jobs with them.

Bitcoin is an asset, like a stock share, and its value fluctuates. At press time, one Bitcoin was worth about $11,500 CDN.

Bitcoin can be “mined.” But…

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