LIFE INSIDE A SECRET CHINESE BITCOIN MINE

Source: Motherboard

Breaking News !

A Visit to a Bitcoin Mining Farm in Sichuan, China Reveals Troubles Beyond Regulation - Bitcoin News (press release)

Bitcoin News (press release): When we stepped inside the door, all of the workers turned their heads to look. Chuan leaned over and whispered “Excuse them, these boys ... met any visitors for a long time.” The data center looks messy and dirty on account of all its hanging ...

Photos: Life inside of China's massive and remote bitcoin mines - Quartz

Quartz: Taking advantage of the cheap and plentiful hydroelectric power that an army of computers require, bitcoin mining is spreading in remote parts of ... Sichuan province. In dark and isolated warehouses, bitcoin mining machines hum along solving ...

The electricity used to mine bitcoin this year is bigger than the annual usage of 159 countries - Business Insider

Business Insider: LONDON — The amount of energy used by computers "mining" bitcoin so far this year is greater than the annual usage of almost 160 countries, according to new research. Research by energy tariff comparison service PowerCompare.co.uk shows that the ...

Inside Russia's love-hate relationship with Bitcoin - The Verge

The Verge: China has banned Bitcoin exchanges and other trading platforms, and South Korea has planned a ban on raising money through ICOs. In the midst of a worldwide regulatory crackdown, however, ... back-and-forth position has befuddled observers. On the ...and more ...

Inside a secret Chinese bitcoin mine - The Week Magazine

The Week Magazine: The first person to get through is rewarded with new bitcoins. Notably, solving the functions relies more on chance and processing power than the miner himself, making it more of a lottery than a math test. So to be successful, a bitcoin miner needs ...

China's ICO Ban Doesn't Mean It's Giving Up On Crypto-Currencies - Forbes

Forbes: Some $1.78 billion has been raised through ICOs worldwide since 2014, according to data from the CoinDesk ICO tracker. ... central bank called for the ICO ban on Sept. 4, saying it was an "illegal public finance" mechanism used for securities ...

My Life Inside a Remote Chinese Bitcoin Mine - CoinDesk

CoinDesk: Money is certainly a big factor in making life in an isolated environment more bearable, especially when 1,500 yuan extra is added for their sacrifice of weekends. Once the two remaining buildings have been constructed, the mine workers will be able to ...

We looked inside a secret Chinese bitcoin mine - BBC News

BBC News: On the edge of a tiny Chinese town is a strange building where you can get an insight into the future – and only a handful of people know what is happening inside. I am on my way to visit one of the biggest bitcoin mines in the world: where up to $8m ...and more ...

North Korea Is Dodging Sanctions With a Secret Bitcoin Stash - Bloomberg

Bloomberg: McNamara said he also sees indications North Korean hackers are getting involved in cryptocurrency mining. Attacks on the South Korean exchanges were carried out through so-called spear-phishing attacks, or emailing files laced with malware to specific ...

What you need to know about the latest Bitcoin boom - BBC News

BBC News: Computers that do this work receive a small sum of bitcoins as a reward – this is the process known as mining. Every single computer on the network has a copy of the blockchain and their copy of it is constantly updated. But until recently, Bitcoin ...and more ...

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