NewsDialy
The Jellico Board of Mayor and Aldermen has placed bitcoin ($BTC) mining on its agenda, according to a report from The Mountain Press.
The small Tennessee city's elected governing body is scheduled to deliberate on the topic, though the scope of the discussion — whether the city is considering hosting a facility, regulating one, or responding to a private proposal — was not detailed in available reporting.
What Bitcoin Mining Actually Is Bitcoin mining is the computational process by which new $BTC enters circulation and transactions are verified on the blockchain.
Miners run specialized hardware that races to solve cryptographic puzzles; whoever wins earns a block reward paid in bitcoin.
Keep reading