Bitcoin Mining

NRG Bloom - empowering Africa

Bitcoin mining is the process by which new bitcoins are created and transactions on the Bitcoin network are verified and confirmed. Miners use computing power to solve complex mathematical challenges that validate transactions and add them to the blockchain - a decentralized ledger that records all Bitcoin transactions. Bitcoin miners compete to be the first to solve the challenges and earn newly minted bitcoins as rewards alongside transaction fees. Mining requires energy to solve these mathematical puzzles. It involves running specialized hardware, such as application-specific integrated circuits (ASICs). Energy consumption has become a significant factor in the economics of Bitcoin. At NRG Bloom we’re building a Bitcoin mining operation powered by wasted and renewable energy.