A mine produces 130,000 bitcoins a year
At the end of 2014, the value of bitcoin fell.
The bitcoin explosion that shook China a year ago is still vivid in people's minds. In the same year, people felt that winter was coming.
What happened to the miners this year, and how big was the impact on the follow-up? This is the world's largest bitcoin mine,
It can produce 130,000 bitcoins a year.
When the price of bitcoin was the highest, this was equivalent to billions of dollars.
The nights in Dalat Banner are very cold, with temperatures around minus 10 degrees Celsius.
On a bare sandy land that looks like it has been bombed by a nuclear bomb, tens of thousands of "bitcoin mining machines" in ten factories are running day and night.
The better thing about bitcoin mines than gold mines is that they don't have to pay taxes. The biggest cost here comes from electricity, 5 million kilowatts per year - equivalent to the electricity consumption of a medium-sized city for one month.
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It's only right to start telling the Chinese story of bitcoin from Ordos.
Over the past decade, this city has most concentratedly recorded the greed, speculation, ups and downs, and human struggles in China's coal industry. All of this has been condensed and repeated in the Bitcoin market over the past two years.
To be continued!!
