Business partners Tyler Montgomery and Griffin Ross, who both graduated from Danville High School in 2015, have careers in Lexington.
“The value of crypto is based on the people holding it and the people that want to buy it.
For example, when Sally sends Joe bitcoin currency, and Joe sends bitcoin to John, and John sends them to Mary, the transactions are recorded in order and forms a chain.
The machines they use “were built specifically to mine the SHA 256 algorithm, which is the bitcoin algorithm.
“We have to take a few steps back, rethink things and figure out where we can get some more efficient units,” Ross said.
Frankenfield wrote, “The bitcoin system is a collection of computers that all run bitcoin’s code and store its blockchain.
Certain computer chips, called Application-Specific Integrated Circuits , can achieve more rewards.