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The Kingdom Of Bhutan Has Been Quietly Mining Bitcoin For Years

Beneath the Himalayas, rivers fed by ancient glaciers supply the tiny kingdom of Bhutan with immense stores of hydroelectricity. The renewable resource has become an economic engine, accounting for 30% of the country’s gross domestic product, and fueling the homes of nearly all of its 800,000 residents. But for the past few years, Bhutan’s royal government has been quietly devising a new use for these reserves: powering its very own bitcoin mine. Bhutan sought to harness the country’s hydroelectric plants to power racks of mining machines that solve complex mathematical problems in order to earn bitcoin rewards.

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