With 80 percent of all bitcoins already mined, and the hashrate of the network reaching all-time highs, in today’s Bitcoin in Brief we are covering some news from the world of crypto mining. An Italian company is developing mobile mining farms, while in Russia a mining hotel offers an opportunity to legally earn cryptocurrency. And, if you can’t afford to buy or rent a rig, you can always experience the life of a miner thanks to one of the simulators that are hitting the market.
Also read: Bitcoin in Brief Thursday: Bitgrail and Btcxchange Crypto Traders in Troubled Waters
Farms on Wheels to Criss-Cross Europe
Entrepreneurs Gabriele Angeli and Gabriele Stampa, founders of the Bitminer Factory in Florence, are working on a rig that could become the main component of a new business model for miners in Europe. The Italians, who run their country’s largest mining hosting facility, have developed their own mining rig – Bitminer 8. Their operation on the outskirts of the historical city, famous for minting coins through the Middle Ages, has attracted 140 participating miners.
The Bitminer 8 machine, around which the whole enterprise is built, started as a prototype assembled in a dishwasher drawer from off-the-shelf computer parts, Reuters reports. It is designed to mine altcoins, as bitcoin itself needs enormous computing power offered only by applications specific circuits (ASICs). These cryptos give companies like Bitminer and small scale crypto miners a chance to make a living and ultimately help expand the horizons of the crypto ecosphere.
The two Fiorentinos have a business idea that would push these boundaries even further. They now plan to literally hit the road by installing their Bitminer 8s in shipping containers loaded on trucks. The project will enable miners
