Everyone knows about Bitcoin, but do you understand its value? From the blockchain to Bitcoin’s value as a currency, there is a lot to understand. And once you start to fathom its high worth, you might even consider starting a bitcoin mine of your own.
When Bitcoin first started, there were barely any followers, just a hand full of loyalists who bought and held small amounts, sometimes even forgetting they even bought it. These are now the millionaires we see who bought Bitcoin early and never have to work again. Wouldn’t that be nice.
We’ve all heard people say things like, “I wish I bought Apple stock back in the day,” or something else comparable. Of course, it would be nice to own Apple when the company first went public, but at the time, just like any other investment, there was no way to know if you would ever see that money again.
If you’re frustrated that you didn’t buy Apple stock in 1980, I have some good news for you. There are more opportunities just like this, in our day and age. Specifically, I’m talking about Bitcoin.
Bitcoin has been around for a while now, but its full power is not yet realized. Awareness of it is growing, the blockchain is being utilized more thoroughly, and lots of people buy and sell Bitcoin on a regular basis. But have you heard of bitcoin mining?
You probably noticed that I did not capitalize the word, “bitcoin” in the last paragraph. This is because I’m referring to the bitcoin network, not Bitcoin the digital currency. These differences are very important for this article.
Most people probably know about Bitcoin, but don’t understand how it works. Bitcoin is a decentralized digital currency, meaning there isn’t a Bitcoin headquarters somewhere, processing all the transactions. All the transactions are processed through “bitcoin mines,” which are just computers owned by regular people.
When a volunteer’s computer (the bitcoin mine) processes someone else’s Bitcoin transaction, they are awarded with fragments of Bitcoin. Now you know why so many people are interested in mining bitcoin nowadays.
The main problem is that power is very expensive now, which can make mining bitcoin unprofitable. But Liquihash is here with an incredible solution. The key to mining bitcoin profitably is to utilize excess energy sources, such as hydro plants, wind turbines, and even gas wells. These energy sources sometimes produce too much energy for their grids or market and are forced to shut down to avoid wasting energy.
Instead of shutting down, allow the energy source to keep going, and turn on your bitcoin mine. The energy would be wasted, or not collected at all, in this situation, but you can easily use the extra energy to power a bitcoin mine that will be awarded with fragments of Bitcoin for its efforts.
This allows energy sources to open a secondary source of revenue, diversifying its income. What a great solution! The choices are very clear, either turn off your excess energy source and watch good energy go to waste or turn on your bitcoin mine and start collecting revenue. The choice is yours.
If you own an excess energy source and want a bitcoin mine to utilize its excess energy, please contact our company, Liquihash. We specialize in building and managing bitcoin mines that are powered by excess energy sources.
You might still be sad that you didn’t buy Apple stock in 1980, but here’s another great opportunity for you that can be just as great. Visit the Liquihash website for more information.