that is one big mining setup., i wonder how many bitcoins are they mining per day. and how much hash power in total are those ASIC miners are generating.,
but to setup something like that , it needs lots of money., ASIC miners are not cheap., and whats the fun in selling btc right away after mining., so they must be holding bitcoins for long term.,
i think electrictyy must be cheal in china a electronis are cheap and labour is also cheap., so its very possible for them.,
Topic: Photos: Life inside of China’s massive and remote bitcoin mines - page 2. (Read 1972 times)
Amazing, chinese miners never fails to amaze me.
It must be cost a lot of money and electricity.
But with all those machines and infrastructure, the could covered everything right?
And of course lots of money.
It must be cost a lot of money and electricity.
But with all those machines and infrastructure, the could covered everything right?
And of course lots of money.
I've read and watched numerous videos about Chinese bitcoin mines. It seems like bitcoin mines are more common in China. Probably due to cheap electicity. Also, there was one video I've watched about a short interview with a mine owner, whereas he said he didn't know what bitcoin was. What he only know id that having a mine makes him money. LOL
On Vice there was video news about it, they went in deep China in some city I don't remember the name and there was that old factory. Pretty big place, and in each floor they are mining difrent coin. They mined btc ltc and one other coin, I'm not sure is it ETH or some other coin. I was amazed on what high level they are, there was a guy that was showing all that, talking about many things but nothing about how much money they are earning with this mining, that remained mistery.
Is there some info about how much they can earn? Even in this thread nobody shared any info about that, it would be interesting to know that.
Great pictures, although I think it belongs to the Mining section. )
Once again Chinese are showing they are in the front row. You don't do things like that if you don't believe in Bitcoin. They know they will be rich in the future with Bitcoins they can mine here. Good job!
Once again Chinese are showing they are in the front row. You don't do things like that if you don't believe in Bitcoin. They know they will be rich in the future with Bitcoins they can mine here. Good job!
I've read and watched numerous videos about Chinese bitcoin mines. It seems like bitcoin mines are more common in China. Probably due to cheap electicity. Also, there was one video I've watched about a short interview with a mine owner, whereas he said he didn't know what bitcoin was. What he only know id that having a mine makes him money. LOL
The Paris climate accord is all about greenhouse gas emissions, whatever their source is. Each country has set up targets, China too. They're by far the country investing the most in green tech. At this rate the USA, not China, will be the last country on the planet running coal powerplants.
Its a moot point. Deforestation is the real cause of climate change and drought.
Inland, a large proportion of rainfall comes from water evaporated from the leaves of plants/trees. Deforestation cuts down forests which reduces water evaporation causing decreased rainfall. The end result is drought.
Forests also naturally store carbon in a process known as carbon sequestration. Deforestation limits the planet's ability to store carbon which leads to higher overall emissions.
The Paris Accord is pointless as it addresses only emissions and does nothing to curb deforestation which is the real cause of our climate change & drought issues. Statistically 80% of the world's natural forests have been cut down. There is no real effort to fix the climate until that point is discussed.
Deforestation is part of the accord, and is considered an emission. Part of the pledged money is supposed to go towards stopping it and reversing the trend in developing countries.
All that water around all that electricity doesn't seem like a good mix
This!
It looks like a good place to have a Bitcoin mining plant, but it doesn't look very high tech. And what is with the standing water inside next to the miners? I get using water coolers, but water on the ground deosn't look very professional and can't be safe.
It looks like the owner is in it for a quick buck to me. They picked out a great location, but are half arsing it with the other stuff. How about they dispose of their rubbish/trash?
Statistically, I think china has 14 of the top 30 most polluted cities in the world. That's an unfortunate result of reliance on coal to generate electricity. Its an interesting point that never comes up in climate change discussions where the united states is heavily penalized for greenhouse gas emissions while china and other more heavily polluting nations get a free pass.
The Paris climate accord is all about greenhouse gas emissions, whatever their source is. Each country has set up targets, China too. They're by far the country investing the most in green tech. At this rate the USA, not China, will be the last country on the planet running coal powerplants.
IHS released its ranking today that put Trina Solar as the top shipper of solar panels in 2014, followed by Yingli Green Energy. Both companies are based in China, which has dominated the solar equipment manufacturing business for many years now.Dec 3, 2014
So even if they are contributing most to greenhouse gas emission, they offset that by helping other countries to reduce it, by manufacturing the most solar panels.
This Bitcoin Farm makes use of renewable energy too, which is good.
The Paris climate accord is all about greenhouse gas emissions, whatever their source is. Each country has set up targets, China too. They're by far the country investing the most in green tech. At this rate the USA, not China, will be the last country on the planet running coal powerplants.
Its a moot point. Deforestation is the real cause of climate change and drought.
Inland, a large proportion of rainfall comes from water evaporated from the leaves of plants/trees. Deforestation cuts down forests which reduces water evaporation causing decreased rainfall. The end result is drought.
Forests also naturally store carbon in a process known as carbon sequestration. Deforestation limits the planet's ability to store carbon which leads to higher overall emissions.
The Paris Accord is pointless as it addresses only emissions and does nothing to curb deforestation which is the real cause of our climate change & drought issues. Statistically 80% of the world's natural forests have been cut down. There is no real effort to fix the climate until that point is discussed.
Statistically, I think china has 14 of the top 30 most polluted cities in the world. That's an unfortunate result of reliance on coal to generate electricity. Its an interesting point that never comes up in climate change discussions where the united states is heavily penalized for greenhouse gas emissions while china and other more heavily polluting nations get a free pass.
The Paris climate accord is all about greenhouse gas emissions, whatever their source is. Each country has set up targets, China too. They're by far the country investing the most in green tech. At this rate the USA, not China, will be the last country on the planet running coal powerplants.
Maybe without these mines there would not be adopters of BTC and not so well stored as price. But who knows who has so much money in China to make a whole mountain to mine.
I would like to know how much hash power they are generating as i could not see anything about that in the article.I really feel sad for the workers as it says that they have to hitch hike more than twenty kilometers to reach the nearest town which is cruel,since the labor and electricity is cheap we are seeing more farms from China.
Statistically, I think china has 14 of the top 30 most polluted cities in the world. That's an unfortunate result of reliance on coal to generate electricity. Its an interesting point that never comes up in climate change discussions where the united states is heavily penalized for greenhouse gas emissions while china and other more heavily polluting nations get a free pass.
It is also interesting to note that china, russia, saudi arabia and other nations have a policy of not accepting any refugees.
While the united states, france, germany, uk & other countries have the media cram open border, pro immigration, policies down their throats.
I'm not certain if bitcoin can save us from these types of things. The media likes to overexaggerate small problems while ignoring big ones.
It is also interesting to note that china, russia, saudi arabia and other nations have a policy of not accepting any refugees.
While the united states, france, germany, uk & other countries have the media cram open border, pro immigration, policies down their throats.
I'm not certain if bitcoin can save us from these types of things. The media likes to overexaggerate small problems while ignoring big ones.
What is up with the water on the floor on the last picture? Condensation perhaps? The humidity must be pretty high.. if it is situated so close to
a water plant and the heat from all of those miners must be intense... not to mention the noise. What more do you want than having limitless
supply of cheap electricity! { State subsidized Bitcoin farming }
a water plant and the heat from all of those miners must be intense... not to mention the noise. What more do you want than having limitless
supply of cheap electricity! { State subsidized Bitcoin farming }
Yeah the water is a bit scary.
Using hydro is better in theory, except if that means more coal plants have to be run to compensate for what is used there.
Chinese people love BTC because it's not controlled by their government. The Chinese government screws with their money big time.
So this is like tax evasion for westerners.
Using hydro is better in theory, except if that means more coal plants have to be run to compensate for what is used there.
Chinese people love BTC because it's not controlled by their government. The Chinese government screws with their money big time.
So this is like tax evasion for westerners.
Jesus....how can you compete with this. I bet they don't pay for elecricity..
They do pay, but India and China have the lowest electricity prices and most importantly China is the world's top most producer of renewable electricity, hydro and coal power.
China is leading with bitcoin mining, bitcoin trading volume, manufacturing of bitcoin equipments. As far as the Chinese government thinks bitcoin mining operation is not affecting their economy they wouldn't mind sharing their excess, cheap electricity with miners.
It's high-voltage pillars on the last picture ? (roof) 
Until now, I don't understand why the Chinese are more interested in bitcoin then other people. We need to see more of these mining farms around the world or It will be just a matter of time until we see centralization If we could call it that way. (This is valid for exchanges as well)
because they can product asic with cheap production cost, and with very cheap electricity they have a huge edge on other country, and this make sense for them to start mining operations, other country have other problems like too much hot or too much expensive shipping cost and they can't product asic at home
amazing, but Until now, I don't understand why the Chinese are more interested in bitcoin then other people 
All that water around all that electricity doesn't seem like a good mix
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