Northern Bitcoin, a German-based company has cut bitcoin mining costs to just $2,700 per bitcoin by utilizing green energy from its facility located at The Lefdal Mine in Måløy, Norway.
Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed
The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there any way to fix it? Here are all your questions answered.