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Inside a Secret Chinese Bitcoin Mine
About this video
Motherboard's 2014 visit to a secretive Bitcoin mining operation in a repurposed factory in Liaoning, China, one of six sites producing about 4,050 bitcoins a month. It shows the machines and the workers' living conditions.
Why it appears in the archive
HN links it as a rare look inside a large Chinese mining operation, with its deafening machine noise and workers' conditions.
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From the Hacker News discussion
Vice produced a video called "Life Inside a Chinese Bitcoin Mine" which complements these photos with a bit of an eerie audio/visual experience. The noise of these machines is incredibly loud and annoying even in the edited video and the people running these things essentially live in squalor. [LINK] Non-Flash: [VIDEO]
Read original comment ↗Won't guys like this [VIDEO] get affected? If all they can do is mine but not cash out, what happens to the network transaction speed and the overall difficulty?
Read original comment ↗No, they're not outside of China. Locating a Bitcoin farm in China allows paying for power, equipment, and staff in yuan, while generating revenue in dollars or euros, legally. Northeast China mine: [1] Another China mine: [2] Mine in Kangding: [3] BW Pool and Antpool, in Inner Mongolia: [4] OxBTC farm (possibly in Ordos): [5] [1] [VIDEO] [2] [LINK] [3] [LINK] [4] [LINK] [5] [LINK]
Read original comment ↗