The Bitcoin Boom Reaches a Canadian Ghost Town

in #bitcoin • 6 years ago

How do you revitalize old industrial towns?

Ocean Falls, BC was faced with that probelm. For the past 4 decades, the town searched for a way to revitalize itself. After the paper mill closed, the population fell from 5,000 to around 100.

One thing Ocean Falls has is plenty of electricty. Hydro power is abundant in this little town. It was an ideal situation for a technology the emerged in the last decade.

Now, this ghost town is being re-awakened by Bitcoin mining.

Click on image to read more of this story.

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#mining #power #cryptocurrency #canada
6 years ago in #bitcoin by
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     6 years ago 

    That's a good way to burn off excess electricity.

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       6 years ago 

      Wow, that's pretty awesome

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         6 years ago 

        i thought only china did that...

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           6 years ago 

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