How is Bitcoin extracted in China?steemCreated with Sketch.

in bitcoin •  7 years ago 

You have certainly heard of Bitcoin, the virtual currency that has created a fuss in recent years and which has become capable of being rated as one of the most important trends that will reshape the world in the next 20 years, especially in the world of business, finance and technology. It is supposed to compensate the banknotes we deal with daily, and thus enter the world in a new era of financial independence where no one controls the currency, whether countries or governments or even banks!

19-c5gLKL6 (1).png

Of course, the process of extracting Bitquin is complex in understanding and even in the implementation, but this does not prevent some professionals and those familiar with the things and secrets of the technology to exploit the opportunity and achieve significant amounts of money can be disbursed in dollars or buy products on the Internet, the currency of the Betquin has become recognized in several countries and even even Some famous sites allow it to be handled very normally.

34-JgVl5ag1.jpg

Of course, the extraction of this currency is called the mining process, which is a very difficult process because it is concentrated on large resources and complex to require dedicated facilities. So in this article we will tour one of the "centers" of the Betquin mining in northeast China.
Try to imagine a remote village in the middle of nowhere. Paved streets and many houses, but the last thing you would expect to find there is industrial or technical progress. You may find there are some other factories, and may only be huge structures, which are rarely recycled and reused for other purposes. Thecoinsman newspaper reporter traveled to one of these factories somewhere in northeast China, within this plant the largest mining operations are carried out for the Bettkin coin.

04-VP4lVNu.jpg05.jpg08-9MwPJED.jpgcables.jpg

It is mainly a handicap that limits much of the mining process to this currency, which is its high cost compared to the results. It requires advanced equipment as well as electricity, a cost that an individual may not be able to afford. For this center, the monthly cost it spends in this process is $ 60,000 a month (only as an electricity bill)! Of course it is a very large amount for us as individuals :)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!