Mining for Bitcoin in China

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  • A handful of Chinese companies that own vast farms of computer servers dispersed around the country have majority control of the Bitcoin network.
  • The computers try to unlock new Bitcoins by solving computational problems and serving as accountants for the Bitcoin network.
  • Racks of mining machines line the shelves at a server farm in Guizhou.
  • The machines are used to mine Bitcoin and Ether, a competing virtual currency.

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@ansi: “Mining for Bitcoin in China – Racks of mining machines line the shelves at a server farm in – The New York Times”


A handful of Chinese companies that own vast farms of computer servers dispersed around the country have majority control of the Bitcoin network.


Mining for Bitcoin in China