Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,586
Thanks Received: 10,531
New York Times
In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk.
These eight factory buildings with blue-tin roofs account for nearly one-twentieth of the world’s daily production of the cryptocurrency. Based on today’s prices, it issues $318,000 in digital currency a day.
...
Bitcoin is also, by and large, made in China. The country makes more than two-thirds of all Bitcoin issued daily.
oh, exellent! And they make the appearance that Chine wouldn't take part in this...what for they deceive, I do't understand...cryptocurrancy is our future anyway...
The main cost component of mining is energy, second is tech. That's exactly why some of the largest BTC mining
complexes are spread across Asian regions where energy is dirt-cheap and many GPUs are snapped up in bulk at
factories before trading …
