The New Gold Rush Isn’t Gold
NetworkNewsWire Editorial Coverage: Computers have replaced shovels - there are now over 1,000,000 unique Bitcoin miners. Like the gold rush of 1848, hordes of computer-savvy entrepreneurs have flocked to mining cryptocurrencies looking for riches. Dependent on the picks and shovels of the 21st century, crypto miners extract the digital rewards of Bitcoin plus a share of transaction fees using purpose-built hardware, cost-effective power sources and computational muscle. The rewards appear to be greater than striking a motherlode—the global cryptocurrency mining market was valued at US $610 million in 2016 and has been projected to exceed $38 billion by 2025. In…







