Gabriele Stampa, Alberto and Gabriele Angeli (R-L), the founders of the Bitminer Factory, pose with a client, Antonio Mazzitelli, in Florence, Italy, April 6, 2018.REUTERS/Alessandro Bianchi
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Gabriele Angeli, 34, and Gabriele Stampa, 43, are founders of Florence-based Bitminer Factory, Italy's largest currency-mining host, which has developed a computer "rig" they hope will underpin a plan to forge a unusual business model.Mining cryptocurrencies such as bitcoin requires the use of powerful computers to solve complex problems to complete, verify and record transactions in these virtual currencies. In eight months of operation, the "Bitminer 8" has helped to attract 140 miners to their mining operation on the outskirts of the elegant Renaissance city, which for several centuries from the Middle Ages served as a mint for European coinage.It is aimed at those targeting currencies other than bitcoin, the most challenging to mine.
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