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The Technological Arms Race in Bitcoin Mining

EPISODE · Oct 9, 2015 · 21 MIN

The Technological Arms Race in Bitcoin Mining

from The Breakfast Grille · host BFM Media

Bitcoins have gold- and money-like characteristics. Proponents would in fact say that because bitcoin supply is limited and its mining difficult, it is better than the QE-fraught endless supply of money. However, the high computing power required to prevent bitcoins from being duplicated has pushed mining from the home to the realm of profit-seeking mining companies like Bitcoin Group. See omnystudio.com/listener for privacy information.

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The Technological Arms Race in Bitcoin Mining

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