12 March 2014

Inside North America’s ‘$8m-a-Month’ Bitcoin Mining Operation

In a perfect world where mining difficulty was lower, bitcoin prices were higher and a warehouse full of mining rigs could be run by one man, Dave Carlson, the owner of North America’s largest bitcoin mining operation, could be earning $8m a month.


However, just like reports of bitcoin’s death, reports of Carlson’s personal earnings are, unfortunately for him, exaggerated.


With the mainstream media continuing to paint bitcoin as a modern-day gold rush, Carlson’s rags-to-riches story has been of particular interest, even if it hasn’t always been put in the proper context.


Continue reading at CoinDesk


March 12, 2014 at 05:01PM