Cryptocurrency is becoming more popular, and with that popularity comes new opportunities – and new risks. One of those risks is bitcoin mining.
Bitcoin mining is the process of verifying transactions and adding them to the public ledger, called the blockchain. The miners are rewarded with newly created bitcoins and transaction fees.
However, as bitcoin mining becomes more popular, the amount of electricity needed to power the computers that do the mining is also increasing. This has led to some miners setting up their operations in places where electricity is cheap, such as Iceland.
Now, there’s a new option for bitcoin miners looking for cheaper electricity: Hotaling Bitcoin Mining Property Coverage. Hotaling offers property coverage for bitcoin mining facilities around the world.
This coverage includes protection for the equipment, the building, and the business itself. So if something goes wrong, you’re covered.