Rohtak in Haryana, known as the dairy hub of the country, is nowadays milking (or rather minting) cryptocurrency, using a mining farm with 300+ Graphics Processing Units (GPUs), costing them an electricity bill of 3 lakh a month.
New Edge Soft Sol Pvt Ltd, founded by Pardeep Narwal, is situated close to the age-old Palika Bazaar of the city, where three engineers man the machines extracting Ethereum 24x7 in different shifts. A three-storeyed building houses their office on the first floor, rigs on the second and accommodation facility for engineers on the ground floor.
Mining is essentially validating crypto transactions on the blockchain, a public ledger system. It not only validates but also secures the system. Computers all around the globe can do it by Proof-of-Work, which means by solving a complex algorithmic problem. But, this calls for speed and strength of the system.
34-year-old Pardeep, a gold medalist in M. Tech, started the venture during the pandemic with his wife...
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