Bitcoin

Chinese bitcoin mine

One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk. 300,000 in digital currency a chinese bitcoin mine. Internet Explorer 9 or earlier.

DALAD BANNER, China — They worked as factory hands, in the coal business and as farmers. Their spirits rose when a coal boom promised to bring factories and jobs to this land of grassy plains in Inner Mongolia. When the boom ebbed, they looked for work wherever they could. Today, many have found it at a place that makes money — the digital kind. Here, in what is locally called the Dalad Economic Development Zone, lies one of the biggest Bitcoin farms in the world.

These eight factory buildings with blue-tin roofs account for nearly one-twentieth of the world’s daily production of the cryptocurrency. 318,000 in digital currency a day. From the outside, the factory — owned by a company called Bitmain China — does not look much different from the other buildings in the industrial park. Its neighbors include chemical plants and aluminum smelters.

Some of the buildings in the zone were never finished. Except for the occasional coal-carrying truck, the roads are largely silent. Inside, instead of heavy industrial machinery, workers tend rows and rows of computers — nearly 25,000 computers in all — crunching the mathematical problems that create Bitcoin. Workers carry laptop computers as they walk the aisles looking for breakdowns and checking cable connections. They fill water tanks that keep the computers from melting down or bursting into flame.

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