Bitcoin City

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BTC 


Introduction of Bitcoin

---The Bitcoin system is a collection of computers that all run Bitcoin's code and store its blockchain. Figuratively speaking, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all of the computers running the blockchain have the same list of blocks and transactions and can transparently see these new blocks as they're filled with new Bitcoin transactions, no one can cheat the syste
---The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Bitcoin keys should not be confused with a Bitcoin wallet, which is a physical or digital device that facilitates the trading of Bitcoin and allows users to track ownership of coins. The term "wallet" is a bit misleading because Bitcoin's decentralized nature means it is never stored "in" a wallet, but rather distributed on a blockchain.

Bitcoin mining farms


Bitcoin farms in World
  • Dalian, China

    • Hashrate: 360,000 TH
    • Monthly energy cost: $1,170,000
    • Mines 750 Bitcoin every month
    • Mines 3% of all Bitcoins

  • Genesis Mining Farm, Reykjavik, Iceland


    • Hashrate: 1,000 GH
    • Strategically placed in a cold climate
    • Largest cloud mining company in the world
    • Estimated to consume the most electricity of any company in Iceland

  • Moscow, Russia


    • Hashrate: 38 PH
    • Monthly energy cost: $120,000
    • Mines 600 BTC every month

  • GigaWatt, Washington, USA

    • Hashrate: 1.3 PH
    • Located in Washington state due to it having some of the cheapest power in the US at $0.0842 per kWh
    • Started in the owner’s basement

  • Linthal, Switzerland

    • Located in a factory building in a small village with attractive energy costs
    • Cool climate helps the mining process and prevents further overheating of equipment

  • Bitfury, Amsterdam, Netherlands

    • One of the oldest mining farms in the world
    • Since 2011, has deployed more than 500 megawatts of computing power and mined more than 600,000 Bitcoin
    • Uses a two-phase immersion cooling system that delivers energy savings as high as 95%
El Salvador's  Bitcoin city


-----According to Bukele, 
                          the residents of Bitcoin city won’t have to pay any income, property, capital gains or even payroll taxes. The city would be built with attracting foreign investment in mind.

By integrating the latest technologies into the physical world.

BTC City is turning into a genuine BITCOIN city which will be the first of its kind in the world to provide its visitors, consumers and business partners with an ecosystem that will develop and integrate advanced technologies based on state-of-the-art approaches, such as blockchain, AI, VR, AR, and so forth. BITCOIN City will enable all its visitors to pay for the services and products in the BTC City area with selected cryptocurrencies via the GoCrypto payment system. It will also provide them with state-of-the-art ATMs ensuring a bi-directional conversion of cryptocurrencies and euro, as well as a numerically strong blockchain and startup community composed not only of companies within the area of BTC City but also of many visitors and enthusiasts who co-create the future with their innovations.


With the payment system GoCrypto, ATMs converting cryptocurrencies and fiat money (euro) as well as with its own blockchain and startup community, BTC City is transforming into the first BITCOIN city in the world.


map




By  . shubham savaliya







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