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In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
New York Times
In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk.
These eight factory buildings with blue-tin roofs account for nearly one-twentieth of the world’s daily production of the cryptocurrency. Based on today’s prices, it issues $318,000 in digital currency a day.
...
Bitcoin is also, by and large, made in China. The country makes more than two-thirds of all Bitcoin issued daily.
oh, exellent! And they make the appearance that Chine wouldn't take part in this...what for they deceive, I do't understand...cryptocurrancy is our future anyway...
The main cost component of mining is energy, second is tech. That's exactly why some of the largest BTC mining
complexes are spread across Asian regions where energy is dirt-cheap and many GPUs are snapped up in bulk at
factories before trading …
