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Why bitcoin entrepreneurs are flocking to rural Texas

Mining cryptocurrency requires lots of cheap energy and many miners have settled on Texas as their destination

In the middle of rural Texas, a cryptocurrency mine is currently under construction.

Hundreds of machines more powerful than the average computer will soon be housed in this 320-acre mining facility in Dickens county, where they will work day and night to solve a complex series of algorithms. If successful, the reward will be newly minted bitcoin, currently worth about $44,000 each.

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Originally posted in the guardian.