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RE: Prices are down, but is BTC mining still profitable? Depends.

in #bitcoin5 years ago

Bitcoin mine owner Liu, 29, stands in front of a wall of cooling fans at his mine where he houses and operates mining machines for miners who do not want to move to rural Sichuan.
Taking advantage of the cheap and plentiful hydroelectric power that an army of computers require, bitcoin mining is spreading in remote parts of China’s Sichuan province. In dark and isolated warehouses, bitcoin mining machines hum along solving equations to produce the highly valued cryptocurrency.

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