Life Inside a Secret Chinese Bitcoin Mine

In October 2014, Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China. This is the infrastructure that keeps the digital currency’s decentralised network up and running, and its operators are profiting big time.

The mine is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of 2015, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.

The narration is in Mandarin, with subtitles provided in English. An interesting watch that offers a glimpse of what bitcoin mining in China is like.

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Bitcoin Mining Explained - A Compilation of YouTube Vidoes Recent comment authors

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[…] A compilation of videos on bitcoin mining explained and found on YouTube put together by someone as a summary of what bitcoin mining is and what it entails. Take a peek into some of the biggest mining farms on the planet and learn why bitcoin mining can be profitable. The short clip of the mining farm in China found in this video at 3:18 may also be viewed in its entirety at Life Inside a Secret Chinese Bitcoin Mine. […]

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