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Apr 8, 2014 Others are not so fortunate. In November, a Bainbridge Island-based bitcoin mining company with engineering offices in Portland filed for bankruptcy. An Alydian executive explained to the court that its engineering and operating costs constantly outstripped revenues because mining hardware became 

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Dec 22, 2014 how bitcoin mining works This general ledger is a long list of blocks, known as the 'blockchain'. It can be used to explore any transaction made between any bitcoin addresses, at any point on the network. Whenever a new block of transactions is created, it is added to the blockchain, creating an increasingly