Bitcoin mining farms in Newport, California and Phoenix, Arizona have joined forces to set up a Bitcoin mining factory, which they say will provide a low cost and high quality service for miners.
The new company, which has raised $100,000 in venture capital, has been set up by the Bitcoin Foundation, the Bitcoin Association of America, and The Bitcoin Alliance, a group of mining companies.
The mining farm is expected to begin operations by the end of 2018, according to the Bitcoin Alliance.
According to the foundation, the company plans to offer a service that will “serve all Bitcoin miners, from beginners to professionals.”
The mining factory will be located in Newport.
Bitcoin mining farms are a new phenomenon that have cropped up in recent years.
Many businesses have started accepting Bitcoin payments, and many businesses have been using the Bitcoin blockchain for storing and managing their Bitcoins.
The Bitcoin Foundation says Bitcoin mining companies can provide their services at a low price and high standard of quality.
“Bitcoin mining is a unique and disruptive technology,” the foundation stated.
“As such, the mining industry has grown exponentially, and the cost of mining has been falling steadily.
As such, many Bitcoin mining businesses are seeing an increase in new customers, making it very important to have a competitive price.”
Bitcoin miners will be able to get paid in Bitcoin, but also use a digital currency called “litecoin” for transactions.
As of now, Bitcoin mining is only available in China and South Korea.