Bitcoin for the first time in 2020 began to cost more than $ 12 thousand

The Bitcoin rate surpassed $12,000, the first time this has happened since August 2019. However, during

further cryptocurrency trading in just 6 minuteslost 12% of its value. Experts note that such fluctuations are associated with the large-scale liquidation of positions on the BitMEX exchange. As of 21:00 Moscow time, Bitcoin was worth $11,200.

Moreover, for the last month and a half, the coursebitcoin has doubled - on May 9, the value of the cryptocurrency exceeded $ 6 thousand. Experts attribute this to the fact that the supply of cryptocurrency from miners has decreased, and the interest of investors has grown during this time.

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Previously New York Greenidge Power PlantGeneration began mining bitcoins using excess energy that cannot be stored. They manage to mine up to 5.5 BTC per day. The administration of the Greenidge Generation power plant noted that the additional energy allows them to mine up to 5.5 BTC per day.

According to Bloomberg, Atlas HoldingLLC, the private investment company behind the initiative, has installed about 7,000 units of mining equipment. The facility itself was built in 1937 and initially operated on coal, and then converted to work on natural gas.

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