Two US Firms Use Fuel Derived From Old Tires to Mine Ethereum – The Merkle

Mining cryptocurrency has always been an interesting endeavor. Unfortunately, it requires a lot of things to work in one’s favor. Without access to cheap electricity or energy, the mining process can become pretty expensive and unprofitable for most. In the United States, Standard American Mining and PRTI are doing things very differently. Using excess tires and burning them to power graphics cards is an interesting business model, to say the least.

Using Old Tires to Mine Ethereum

It is evident the concept of mining cryptocurrency goes well beyond Bitcoin itself. Throughout 2017, we have seen a massive increase in the popularity of GPU-based mining for such popular altcoins as Ethereum, Zcash, Monero, and a few others. Although it is not the most profitable business per se, there is some good money to be made with the right setup. It mainly comes down to using the cheapest source of electricity possible, which is much easier said than done for most people…

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