BEHIND EVERY BITCOIN
IS A BITCOIN MINER.
Meet the Bitcoin Miners Behind CleanSpark
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Tyler K. |
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Del B. |
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Huzaifah A. |
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Bo G. |
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Bishal N. |
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Josh M. |
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Sandersville |
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Craig M. |
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Alex L. and Matthew M. |
What Others Are Saying
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Judy M. |
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Jayson J. |
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Sonny B. |
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Deven C. |
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John W. |
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Bill D. |
Your Top Questions Answered
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Who is CleanSpark? |
CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner® and one of the largest Bitcoin miners in the world. We own and operate Bitcoin mining sites in Georgia, Mississippi, Tennessee, Wyoming and co-locate some of our machines in New York. Our electricity is purchased from the utility grid and while we don’t control the energy mix, we strive to locate in communities with abundant clean energy. In addition, we participate in renewable energy programs when possible. CleanSpark’s data centers primarily run on low-carbon power. Read more about our operations here. We believe that Bitcoin miners have an important role to play in decarbonizing the economy, educating the public on the social utility of Bitcoin, and operating transparently so that newcomers to the Bitcoin ecosystem can fully participate in and understand this next stage in the evolution of money. |
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What is Bitcoin and where did it come from? |
Bitcoin is a digital currency or form of online money that is not overseen by a bank or government. There are no physical coins or dollars, but you still need a virtual wallet to send and receive Bitcoin. It was introduced on Halloween in 2008 when someone by the name of Satoshi Nakamoto (who still remains anonymous), released a white paper explaining the groundbreaking idea of Bitcoin as a decentralized, peer-to-peer electronic cash system. In early January 2009, the first Bitcoin block was mined and entered into circulation on the blockchain, or digital ledger. You can think of Bitcoin mining as the digital version of gold mining. But instead of chipping away at a boulder with a pickaxe, a special computer is programmed to “chip” away with lines of code (or a hash). Once the computer matches with the correct code, it is awarded Bitcoin. Any time Bitcoin is awarded or transacted, it is recorded on the blockchain. |
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How is Bitcoin different from other cryptocurrencies? |
There is no CEO for Bitcoin like other crypto and everyone follows the rules established by Satoshi’s white paper. This is the most secure network that has ever existed. The greater the computational power (hashrate), the more secure it becomes. Bitcoin is also a finite resource and once all 21 million bitcoins are mined, there will never be more. When it reaches that point (estimated in the year 2140), bitcoin miners will still have the important responsibility of securing the blockchain. They will make money from transaction fees on the network. |
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What are some of the positive impacts of Bitcoin mining? |
Bitcoin mining has a magnitude of benefits across the globe and its relationship to energy in the United States has especially been a hot topic. This is because bitcoin can be used as a driving force to strengthen and decarbonize power grids throughout the country. Miners are uniquely positioned to help the grid because we prefer reliable, low-cost, sustainable power. CleanSpark has directly and indirectly funded everything from substation improvements to new powerlines, transformers and poles. Bitcoin miners often use excess energy and act as a demand response service to curtail power when needed. We are building the infrastructure of the future while creating lasting relationships with communities that also serve as our utility providers. Not only does bitcoin support financial inclusion for all, its infrastructure bolsters the financial health of the surrounding neighborhoods in which we operate. We pay millions of dollars in taxes that boost economic growth in rural areas, from saving residents money on property taxes and energy bills to funding schools and beyond. We use local trades and companies to help us with construction projects as we grow in addition to providing technology career paths for people close to home. |
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What are some resources I can use to learn more about Bitcoin? |
There are numerous resources out there, but here are some of our favorites:
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