Cryptocurrency gold rush

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Bitcoin mining is this era's gold rush
Cryptocurrency - The modern-day gold rush May 22, or �Bitcoin Pizza Day,� commemorates the day the first commercial cryptocurrency transaction. Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI. Tech companies are cashing in on an unprecedented. Often referred to as "digital gold," Bitcoin has ignited a modern-day gold rush, captivating investors, technologists, and curious minds alike.

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In addition to the reliable, affordable electricity Basin Electric and its member cooperatives provide and the more than 2, miles of transmission lines the cooperative maintains, the cooler temperatures in much of its service area are attractive to developers because they help constantly-running servers stay cool. Now companies that once serviced the boom in cryptocurrency mining are pivoting to take advantage of the latest data gold rush. While there is much hype, some are viewing the shift in the market with a level of scepticism, suggesting some might be jumping from one fad to the next. Because the cost of crypto mining is so high, companies building the data centers to do the mining want the cheapest power they can find.