Today, CEO visited a Bitcoin mine with Jeff Haarmann, and it was honestly really interesting. We got to see how Bitcoin mining actually works and how much power it uses. A normal home uses around 12,000 kilowatt hours a year, and one of their data centers uses around 960,000.
We also learned how mining helps electric companies by using extra energy, and how some of his centers run “off-grid” by using leftover gas from oil wells to create electricity.
A few things that stuck with us:
• There will only ever be 21 million Bitcoin
• Bitcoin started in 2008
• Someone bought two pizzas for 10,000 Bitcoin back in the day 😅
• The computers make trillions of calculations every second
• The government can’t change Bitcoin’s price, but they can tax it
It was definitely a cool experience and something we never thought we’d get to see. 🚀💻
✍🏻 Post content written by CEO student Anna Bousman
