Ever wonder where bitcoins come from?
For those of you who don’t know what Bitcoin is, it’s a virtual currency that is creating a lot of buzz. The Bitcoin Price Index as of 9 a.m. on April 10 was $411.13 USD.
At this moment, computers around the world are racing to solve complex algorithms. Whoever wins earns the prize of 25 newly created bitcoins. This digital money can then be traded or used to buy goods directly.
But running all those math formulas to make this cyber-currency takes a lot of electricity. And that in turn takes us to central Washington. The largest “Bitcoin mine” in North America can be found on the outskirts of Wenatchee, Washington.
For the Here & Now Contributors Network, Tom Banse of Northwest News Network paid a visit.
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- Tom Banse is a regional correspondent for Northwest News Network. He tweets @TomBanse.
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