Topic: Photos: Life inside of China’s massive and remote bitcoin mines (Read 1972 times)

Just noticed that the facility is located at the  Ngawa Tibetan and Qiang Autonomous Prefecture. Why they chose this remote location?

That's awesome rig out in the China. They must be pulling out heavy electricity from that hydro electric power generator. They must have made big plans before setting up this rig. It is such profit to them by using that renewable energy source and that too with short distance.

Yeah interesting pictures from China. These people are always cooperative within each other and make a good example out if them. No offence but that makes them very strong when creating a new technology or producing goods from something. The set up seems to be perfectly arranged right in front of hydro power. But I want to ask one question are they really harnessing that power with full efficiency? I mean the miners I'm talking about. Though it's hydro power but what dies it make them to build the mine so close to hydro generator. For sure they won't be giving it free.

Exactly, I wish they could disclose the effective hashing power of the mine for us to learn. It's interesting the Chinese are keenly interested in Bitcoin mining and the article has been very revealing.

I haven't read the entire article, but the photos show a lot of mining rigs. What kind of machines are they? And approx. how many BTC they might be mining each day?

I think this people can see deeper into technology more than some of us can. It is a good one and I really hope something like this can be seen globally like you said. But man! That's huge but that location though!

I also think being situated in between those mountains will decrease their exposure to direct sunlight during the day. < for longer periods > This will lead to cooler temperatures and less expenses on electricity to run fans or Air-conditioning. This will decrease their operating cost and increase their profits.

Location is very important, when you have to decide on the placement of these farms. ^smile^ 

I mean, I'd sure be happy to work there for as long as it's profitable. Most of the day you're probably just chilling and monitoring the systems, fixing things if they break and so on.

Probably not, the conditions in China when it comes to your workplace are not the best, I have my doubts they even know what they are doing at all, that way by keeping them ignorant about the purpose of the operation then you can avoid paying them in bitcoins.

looks like their mines are suffering from water flood. Maybe invest in a water pump 

Well guys, if you didn’t know this, China is one of the biggest bitcoin miners out there and this is mostly due to a couple of reasons

1.Electricity is basically free there and if you mine bitcoin, usually what you are trying to break even with are your electricity bills, and most miners barely break even, while in China, someone mining bitcoins with a dodgy setup would easily earn more than there electricity bills since it is so cheap, so why wouldn’t you mine bitcoin?
2.A lot of the Chinese people believe in bitcoin and have taken the risk for mining.

We have tough competition.

There are farms around the world. People just like to fixate on Chinese exchanges for some reason. I guess because they are the biggest. There are also lots in North America and Europe but they get a lot less exposure.

Employees at a bitcoin mine in Sichuan.

I hope you guys are having fun ... that leaking on the floor means nothing ... 

Incredible images. I love this article.

Thanks for sharing!

The third image shows all that water on the floor,that may not be considered very safe,but maybe  someone else has another perspective,because for example, those guys do not seem to bring any kind of protection,like gloves, insulated boots,and by logic should use at least those minimum safety equipment when working with so many electrical appliances regardless of whether they are used or not,in case of an eventuality.

You should know by now that governments never really fix anything. They're usually the source of our problems, not the solution for them. After the last haiti earthquake the UN stepped in and promised to help haitians. Then the UN infected 700,000 haitians with cholera "helping" them. Millions of dollars were pledged to help haitians. Hillary and Bill Clinton gave all of that money to private contractors that funded their campaigns and haitians got nothing. Many governments say they support innovation and progress. Then they pass laws which restrict the innovation and advancement of crypto currencies like bitcoin.

On the topic of climate change, the paris accord will do nothing to prevent deforestation in indonesia or brazil where its needed. It contains no programs to diminish consumption of palm oil, paper, beef and assorted goods associated with the deforestation process. It doesn't contain incentives for afforestation, seed bombing, or specific methods to combat climate change. It won't do anything useful. All it will do is impoverish wealthy nations to prop up failing ones to ensure that every major country on earth that still has freedom ends up like venezuela and greece as they've done for the past 30+ years.

People think the state is their god & their god is obligated to save us from our sins. That's not necessarily the way things work.

The Chinese pretty much have all the supplies so it's a lot cheaper for them to produce or purchase huge amounts of miners since the middelmen is cut out. An European/American business has to either buy the inventory of a retailer or find connections in China to do so. Not to mention the electricity costs and shipping. Adding up tot that bitcoin is still brand new and extremely volatile, an entire business mining bitcoin could potentially go bankrupt if bitcoin were to crash for 6 months.

And this is another big reason, if you think the US government plays and manipulates the US dollar then that is child play compared to what the Chinese government does that is why some Chinese citizens are desperate to find ways to get around the regulations of the government and bitcoin is the perfect way to do it.

If this pictures is any thing to go by, then I am wowed to the level of investment put in place in other to generate bitcoin that we all use as if its something that can be gotten from a snap. Its also a confirmation as to how difficult it has become to mine bitcoin in addition to refute the claims if several cloud mining sites that just crop up every now and then claiming to mine bitcoin whereas they are just bunch of ponzi sites.

I wonder if those employees are being paid in bitcoin with their salaries. Given the hazards of working at such an environment, they should at least be getting some incentives to cover for the maintenance work they have to attend to, plus being far away from their families.