- Joined
- Jan 27, 2016
- Messages
- 648
- Points
- 28
The volatile and mysterious world of cryptocurrencies is now a shopping mall away – at least in Singapore.
Ready-made computing machines used to facilitate transactions in Bitcoin and other digital currencies have appeared on the city-state’s shop shelves even as its central bank sounds a note of caution.
The availability of store-bought ‘mining rigs,’ each contributing its computing power to solve the complex mathematical problems needed to confirm transactions in digital currencies, means would-be cryptocurrency ‘miners’ in the country no longer have to assemble their own machines out of separate components.
At Sim Lim Square, a popular shopping complex focused on electronics, at least five stores were selling cryptocurrency mining machines in recent weeks.
Shopowner Wilson Josup sells about 10 machines a week, up from one to two when he first started selling them about six months ago. Buyers range from those in their 20s to retirees, he said. The bulk of his customers use the S$4,000 ($3,062) rig to mine Ethereum, the second largest cryptocurrency by market capitalization.
More at https://sg.yahoo.com/finance/news/ready-made-crypto-mining-kits-lure-geeks-singapore-044551640.html
Ready-made computing machines used to facilitate transactions in Bitcoin and other digital currencies have appeared on the city-state’s shop shelves even as its central bank sounds a note of caution.
The availability of store-bought ‘mining rigs,’ each contributing its computing power to solve the complex mathematical problems needed to confirm transactions in digital currencies, means would-be cryptocurrency ‘miners’ in the country no longer have to assemble their own machines out of separate components.
At Sim Lim Square, a popular shopping complex focused on electronics, at least five stores were selling cryptocurrency mining machines in recent weeks.
Shopowner Wilson Josup sells about 10 machines a week, up from one to two when he first started selling them about six months ago. Buyers range from those in their 20s to retirees, he said. The bulk of his customers use the S$4,000 ($3,062) rig to mine Ethereum, the second largest cryptocurrency by market capitalization.
More at https://sg.yahoo.com/finance/news/ready-made-crypto-mining-kits-lure-geeks-singapore-044551640.html