In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China.
This is the infrastructure that keeps the digital currency’s decentralized network up and running, and its operators are profiting big time.
The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.
Transcript
Transcript auto-generated. May contain errors.
The future of Bitcoin, the cryptocurrency, and the entire cryptocurrency, I think this is a direction of development. It will make our lives easier. We are now in the outskirts of our city, the minefield. Dalian is a special minefield in the entire mining industry.
Because of its environment, air quality, and relatively good conditions. The conditions of other cities' mines are relatively tough. And the life of miners is also very boring. What you see now is the machine room of our Changcheng Town.
This is the No. 1 machine room in Dalian. Now there are 30,000 floors. We use the No.
2 machine room. I am currently the general manager of this mine. I am mainly responsible for the safety operation of the entire mine. Including staff, equipment, and power supply.
This project is our... We are all partners. We are all shareholders. We work together to solve problems.
We currently have six sites. We are actively developing some new sites. To put it simply, we are all collecting a question on the Internet. If we calculate correctly, we will get a reward.
This reward is our virtual currency. That is, the current Bitcoin in the mine. In the past, we could mine nearly 100 Bitcoins every day. But as the difficulty and the computing power increased, our proportion gradually changed.
This may also affect the situation of your electricity bill. Our electricity bill is about 12,000 yuan. A month's electricity bill is about 500,000 yuan. Our daily production volume is about this.
This is the size of our production volume. This is the size of our production volume. The total volume is about 20 to 25 Bitcoins. There are about 3,000 of them.
Our mining machines are like this. We need to connect each mining machine to the power supply. Then connect it to the Internet. After we connect it to the Internet, through the adjustment and setting of our machine, it can generate a calculation according to our regulations.
When this calculation is correct, the entire block will give you a reward. Bitcoin is a real currency. I think Bitcoin is a real currency. It is the future of money.
It is a kind of... It is not a financial system that can replace the money of the world. But it is a direction of the future financial system development. The price of Bitcoin is unstable.
Because it is still in the initial stage of Bitcoin development. To put it bluntly, it is still in the mining period. It is similar to the traditional banking card operation that we use now. Banking card operation.
Credit card operation. We are willing to believe that the reason for it is that it is a trend of the times. It is a process that is necessary for the development of the financial society. I think the current state of the Chinese government is not supportive and not against.
As long as Bitcoin is operated in a safe and legitimate state, I think the Chinese government should support it in the future. These machines are the machines we have damaged and the machines we have converted. There are basically a lot. There are more than 900 in total.
Because its power consumption is high and the computing power is low, it is a product that has been eliminated. At present, the computing power of the machines we use is higher. Maybe we can only recycle some of the parts that can be recycled and reuse them again. As for the rest, it can only be processed as waste.
It must be heated to make blood. If it doesn't make blood, we have no problem. The temperature is high. When the temperature is high, the machine will be dead and it will fail.
This is the fan. The fan is fixed on the rack. If there is a problem here, the algorithm will decrease. There will be a red light behind.
Then there is a big and elegant atmosphere. There is a big and elegant atmosphere over there. After you enter, you will feel that the wind is very strong. Our fan is very, very good.
When the wind is the largest, the human body is very strong. Perché o hears chweco de chão, ừng QUESTIONED Then it pushes through, so that I think that this is this one. I think so. Before the building of the ACCE, there was a lot ofIl DJестang home work.
They were closed for many years, and then they moved haiall the ужic隊 immediately effort. are all about computers. First, you need to have a deep understanding of computers. Other skills, including Bitcoin, are all trained after we get into the company.
This is where our employees rest. The life of the employees is very simple. Basically, it's very boring. Most of the time, except for monitoring the machines, they may just sleep, read books, and watch their phones.
Because our machines need to be in operation 24 hours a day, to prevent any safety problems. So, when the employees arrive at work, they need to be here at night. They need to be here at night. They need to be here at night.
They need to be here at night. They need to be here at night. They need to be here at night. The biggest problem is that sometimes there are large-scale deaths.
For example, if there are 1,000 or 200 problems, then there is a reason to solve this problem. In fact, there are many small problems that can be solved. And the number of problems is not very high. You can drink tea, coffee, and watch the machines.
I listen to novels and play games here. Then I drink some water and have a smoke. Then I go to bed. At first, I thought it was not good.
But now I feel very good. 008, Yunsu Qinghe, the first-generation wind turbine, is in good shape. He is a very good person. He is a very good person.
He wants to ask you about your own assets. How much is Bitcoin worth? My current personal assets. Bitcoin accounts for 50% of my assets.
And the rest 50% is my cash. Do you think it is good to buy Bitcoin now? Invest in Bitcoin? I personally think it is good.
For the future, Bitcoin is enough. Really, please invest in Bitcoin. Bitcoin invest in Bitcoin. You have all opportunities.
Listen to the best and the live. www.B decades.com BB unquote If I thought at all,