This Cryptocurrency startup Is Getting Paid not to “mine” Bitcoin

huge mining ring

Layer1 is a cryptocurrency startup company backed by billionaires like Peter Thiel. In recent months, the west Texas-based company has been working intensively on the construction of steel structures (containers) filled up with state-of-the-art processors that are “immersed” in cooling tanks filled with mineral oil. Why in west Texas, one’s going to wonder? Because, thanks …

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