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What is Bitcoin Mining for Beginners - Short and SimpleThe mines' scale can draw gasps from people in the power industry. A one-megawatt mine consumes more energy each day than a typical U.S. Brent Whitehead and Matt Lohstroh are mining bitcoin off flare gas from oil drilling. Their company, Giga, places a shipping container full. There are two primary reasons why a person, or company, would want to mine cryptocurrency like bitcoin. original input. The same input will.