BITCLUB NETWORK MINING POOL
We are attempting to build one of the largest Bitcoin mining pools in the world!
Bitcoin and other digital currencies operate as peer-to-peer networks, which means everyone who uses the currency is actually a piece of the system. Mining is simply the term used for maintaining the block chain and verifying each transaction.
Miners use special hardware to solve complex math problems and are issued a certain number of new Bitcoins in exchange. This provides a unique way to issue the currency and also creates an incentive for more miners to participate.
RESPONSIBLE MINING IN ICELAND
As the popularity of Bitcoin increases more miners join the network, which makes it harder to solve these math problems. For this reason Mining is no longer feasible for an individual and it will continue to get even harder. This has led to the creation of Mining Pools, where many people combine their computing power and increase their odds to mine for Bitcoin.
BitClub Network new mining operation in Reykjavik Iceland.
Iceland provides the perfect environment for large scale mining because not only is the temperature cool all year round, but the island provides 100% clean and renewable energy by utilizing natural Hydroelectric and Geothermal technology.
This means we are not polluting the air and providing a very responsible and green way to mine for Bitcoin. We believe this will soon become a big issue in the world as the combined network power of Bitcoin continues to grow and the amount of electricity being used is outrageous. So we are taking a proactive step to be green! Oh, and it also helps this power is cheaper than anywhere in the world so it's a big Win-Win for our members to be green.
About 70% of our future expansion will be in this new facility. We continue to mine all over the world looking for the best scenarios and solutions for our members. We will never put all of our eggs in one basket but we plan to make this our biggest basket over the next few years.
3RD PARTY VALIDATION
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