My Life Inside a Remote Chinese Bitcoin Mine
Eric Mu is chief marketing officer at HaoBTC, a bitcoin wallet service. Here he speaks about life at the company's bitcoin mine in the Tibetan mountains. Living three months in a place where you have to travel 10km to reach the closest store might be inconceivable for a modern city dweller. For me however, being face-to-face with nature, plus the chance to witness some sort of modern alchemy, holds irresistible appeal. When the chance came, I didn't hesitate. A four-hour flight and eight-hour drive later, long after I lost count of the tunnels and bridges I passed, I arrived in HaoBTC's....
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BBC reporter Danny Vincent visited a bitcoin mine in China that reportedly mines up to $8 million per year. Vincent was invited to tour the mine under the condition that its location remains confidential. The reason for the secrecy is that the mine is outside the control of the Chinese government, which has not taken a pro or con position on the cryptocurrency. The location is so high in the mountains that a visitor has to bring oxygen cans to breathe. Mobile phone connections are inconsistent. Wi-Fi-enabled chat apps and video calls are the main modes of communication. A 30-year-old by....
Mine 4 Life is a charity event, with a cryptocurrency twist. All proceeds will be sent to Saint Judes, a hospital where they offer their services at no charge. Truly a charitable cause. This was the brain child of seeing charities of a great cause in need of financial backing, and a way to help with the use of crypto currencies. I didn’t see anything near this idea out there yet and felt it was time to do something positive. “Mining” for Crypo-currencies was the choice due to the fact that it’s still a growing thing. We have the possibility here, with BTC, LTC, PPC, etc…, to really make a....
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