Life Inside a Bitcoin Mine: Interview with Genesis Mining’s Marco Streng

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Somewhere in very rural northeast China lies a dusty and dirty factory where the deafening roar of machinery leaks from an armada of Bitcoin mining rigs.

Inside the secret north China Bitcoin mine. Copyright Jacob Bitsmith of Life inside chinese bitcoin mine Coinsman - used with permission. Heat is blasted out of the vents in the crude concrete citadel from dozens of fans that whip up a torrent to cool Bitcoin rigs slaving away at algorithms to earn their owners the much sought after crypto-currency. Jacob Smith last name given as Bitsmiththe editor of The Coinsman, travelled to the undisclosed location to document life inside one of China's more grimy Bitcoin mining farms.

The facility was life for three full time staff who ate, drank and slept between patrols of the factory floor to ensure the machines kept ticking over. They returned home one day a week. The noise was deafening: Jason said the sound of the fans could be heard outside the farm and seemed bone-shattering from within. Hardware obsolescence was rampant with piles of retired Avalon Bitcoin life inside chinese bitcoin mine littering the grounds.

The Chinese factory was a cruder cousin of modern elite operations such as a secret shipping container-sized facility located 13 kilometres outside of Hong Kong.

Life inside chinese bitcoin mine small facility, detailed by independent journalist Xiaogang Cao, cooled its 92 blade servers -strong Bitcoin miner fleet not with fans but using silent open bath immersion technology from vendor Allied Control. The kit was required due to kW power restrictions on site. Bitcoin trading in China remains active but life inside chinese bitcoin mine dropped this year after a late surge of new users interested in the life inside chinese bitcoin mine, BTC China chief executive Bobby Lee told Reuters.

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Most financial activity in China takes place along its coast, and regions like western Sichuan are rarely associated with advanced computing. But given the high electricity needs of the large groups of computers required for Bitcoin mining, the industry has found a natural home in the region because of the abundance of hydropower there. This gives the remote mountain villages an edge over regions where electricity is more expensive.

Skip to main content. Located at the eastern edge of the Tibetan Plateau, the area has abundant hydropower, a key factor in making energy intensive mines cost effective. Employees use their phones at the Bitcoin mine, September 26, They solve complicated mathematical problems for which they are rewarded with Bitcoins.

Seven employees work in shifts monitoring the machines to keep the mine running 24 hours a day. A year-old Tibetan named Kun poses in between aisles of mining machines, September 26, He learned about Bitcoin through a friend and started investing in For most issues, they can simply restart a machine.

An employee at the hydroelectric power plant checks electric generators, September 26, Kun convinced the owner of the hydroelectric power plant to build a Bitcoin mine next to the power plant in Packing boxes for mining machines pile up in an employee dormitory, September 26, Kun recently purchased new mining machines: Liu meets with clients, September 27, He moved from Henan province to Sichuan province in for the cheaper electricity.

Now, he manages more than 7, mining machines for clients all over the country. They live at the mine, which is so remote the nearest public transportation is 20 miles away, in the nearest town. They pay to hitchhike there once a week. Employees use their phones near the mine Sun works for, September 28, Goats from a nearby village walk among cooling fans at the mine, September 28, Bitmain and Canaan, another Chinese company, dominate the global mining hardware market.

The AntMiner S9 is the most efficient mining machine on the consumer market right now.