Marketplace®

Daily business news and economic stories

Bitcoin miners are optimistic about the future

There’s been a little dip in the bitcoin market this week. The cryptocurrency has dropped about 10 percent against the dollar. Of course, that’s in the face of a 1,700 percent rise in the past year, so those tulip bulb analogies still apply. Speculators, however, (investors, if you prefer) are just one side of the […]

There’s been a little dip in the bitcoin market this week. The cryptocurrency has dropped about 10 percent against the dollar. Of course, that’s in the face of a 1,700 percent rise in the past year, so those tulip bulb analogies still apply. Speculators, however, (investors, if you prefer) are just one side of the bitcoin equation. The way this thing works is that bitcoins have to be mined, or generated, with computers doing mathematical calculations that are used to verify bitcoin transactions. Here’s a look at one such bitcoin-mining workshop in Singapore.

Click the audio player above to hear the full story. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    6 hours ago
    25:13
  • Make Me Smart
    12 hours ago
    21:16
  • Marketplace Morning Report
    14 hours ago
    6:56
  • Marketplace Tech
    19 hours ago
    11:23
  • This Is Uncomfortable
    2 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45