Life Inside a Secret Chinese Bitcoin Mine

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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.

Read more on Motherboard - http://bit.ly/Chinese-Bitcoin-Mine

Up Next: The Beaver Slayers of Patagonia - http://bit.ly/Beaver-Slayers

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  • Travis McCarty

    and today this guy has millions of dollars worth of worthless supercomputers lmao TECH TIME FLIES!!

  • daniel rifqi

    the best bitcoin mining https://www.nexusmine.net/?ref=106949 free register

  • Trabelsi Marwen

    these crappy chinese faces are the new bankers

  • OoouuuvEdamame

    this makes me so mad with all them graphics cards

  • Phillip Transue

    People forget that they can network with like minded people in the blockchain community. There are tons of events, and I'm hoping some of you check them out!

  • prival fang

    ASICs are like prostitutes. Shouldn't be allowed to operate at home. Loud as fcuk when operating. Costly to operate. and Judged harshly by society

  • Jean-Michel Sonn

    Goddammit, should have seen this few years ago.

  • Claybar392

    Watching this now, the profit margins on this have got to be a LOT tighter. At 80k/month in electricity (which im sure has gone up since 2015), as well as overall complexity up to harvest BTC I wonder how profitable this still is in mid 2018. Either way, they have to have made tens of thousands of Bitcoin over the life of these mines. Even with all the high overhead to mine them, each of them I'm sure has several thousand bitcoins each.

  • DarrowTv

    https://honeyminer.com/referred/59phi

  • Rex Yu

    Find real jobs, people. Stop play some gaming money lol

  • Michael Steven

    someone steal your video and reupload in his channel, heres the link https://youtu.be/az5X-SHKJnU

  • xA18kND1x

    So much for the government supporting it lmao

  • big50

    The money is where the low market cap real use projects are, and right now I do not see anything better than #tokenpay, the vision and determination with which they are working is truly admirable, only 25M max supply, privacy coin certificates, staking rewards, have an ETF ready tokensuisse, FREE EFIN and TPLY coins for holders, 2 top 10 exchanges coming, efin DEX exchange, and much more, In a few months they have done much more than other projects that have years in the market, this is a golden opportunity.

  • Jock Rocks

    lol. It's not secret now. When the commies get interested in what you're doing, they will come and take you're private keys for you're wallets and all you're efforts will nothing for you.

  • champion one

    hello just wanna aware you sir one site coin xo using ur video nd scaming beaware dont invest coinxo is a big scam no payout

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  • Chris Daniels

    Why aren't they using geothermal to liquid cool these machines.

  • jmps

    secret place -> shows the city and road to get to the building

  • CroSniper XD

    When you wish to grab the right way to get bitcoin you just need to find " pranaholistico bitcoin " in the search engine. I hope its not patched already.

  • Tp681

    3 years ago people were probably laughing at him. Now, his investment definitely paid off.

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    I EARN 1 BTC WITH GOOGLE CHROME AND WITHOUT INVESTMENT

  • Youssef Youssef m

    Support charities for the poor and the disabledPlease accept this invitation to "become a member of our support charter" Please Help the pooraddress bitcoin : 1ELJw9PjCwNNGkWCxrxRLJ6upEiVoa8ckM

  • Robert utley

    I would cash out my expenses what I had in and let the rest ride.

  • Dave Otuwa

    Every bitcoin mine is guarded and shouldn't be without occupancy. There must be at least a score of employees in the building at all times. Never fewer!

  • prival fang

    and this is why gpu prices are so high... smh.

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  • ImSofaKingGood

    "Secret Bitcoin Mine" Proceed to show it and its location and its manager's identity. Okay...

  • Tapirus Sbrabous

    I was very lucky to buy @7600 and sell a month later close to 18000. I cashed out for some reason and saw the price falling a week after and plummeting a month later. Very lucky. Tripled my assets.

  • Phead128

    Back in 2015 (video released) it was $300 dollars for Bitcoin.Just 3 years later (Sep 2018), it is $6,319 for Bitcoin.Dude was right, holy crap.

  • kre4etstail

    https://www.youtube.com/watch?v=LlBYhN344Lg

  • Sir Megallot

    The whole concept is relatively confusing... have thoudands of computers run algorithms to generate invisible money. He talks of a "reward..." for the completed algorithms... reward for what? What do the computations provide us with essentially? Are they providing scientists with valuable data? Do they serve a function in the operations of businesses? It almost doesn't seem like the ends justifies the means, but if you're making over a million dollars a month I suppose it does. I'm lost at what service the algorithmic computations provide us with though... I get that it generates money, but every other business structure in the world seems to have a definable good or service provided. What is the good or service provided by these algorithms?

  • TriHard

    crazy to think these 4 people mined 35 million $ worth bitcoin a month... billionaires every single one

  • Robert Sigalingging

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  • MnceOnline

    I mine bitcoin for free Here: https://goo.gl/dY4WrF, its quick and simple.

  • Odinigwe Chigozie

    how do l invest? WhatsApp +2348063277990odinsandpartners@gmail.com

  • Mic Rich

    https://www.oicoin.io/?r=356873

  • Bobby Master

    not a secret anymore lol

  • fo fo

    Get 3% off at genesis mining with this code : CsTUfchttps://www.genesis-mining.com/

  • Gold Banking Specialist

    I guess its not a secret anymore.....

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