Wednesday, March 4, 2015

Life Inside a Secret Chinese Bitcoin Mine





In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a re-purposed factory in Liaoning Province in rural Northeast China. This is the infrastructure that keeps the digital currency's decentralized network up and running, and its operators are profiting big time. The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of 1.5 million.