Taking advantage of the cheap and plentiful hydroelectric power that an army of computers require, bitcoin mining is spreading in remote parts of Chinas Sichuan province. In dark and isolated warehouses, bitcoin mining machines hum along solving equations to produce the highly valued cryptocurrency. <\/p>\n
In 2016, Chinese photographer Liu Xingzhe spent time in Chinas bitcoin mines and with the miners themselves, who monitor the vast hallways of machines producing cryptocurrency for various clients. According to Liu, miners typically live in company dormitories for days at a timenot unlike the mining towns of yoreonly occasionally traveling dozens of miles to the nearest town. <\/p>\n
Although increased government oversight has caused Chinese bitcoin trading to falter, the country remains an important player in bitcoin mining, thanks to cheap labor and computing power (paywall). Chinese clients who pay for bitcoins to be mined on their behalf can monitor progress remotely, using apps on their mobile phones. <\/p>\n
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Photos: Life inside of China's massive and remote bitcoin mines - Quartz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Taking advantage of the cheap and plentiful hydroelectric power that an army of computers require, bitcoin mining is spreading in remote parts of Chinas Sichuan province. In dark and isolated warehouses, bitcoin mining machines hum along solving equations to produce the highly valued cryptocurrency. In 2016, Chinese photographer Liu Xingzhe spent time in Chinas bitcoin mines and with the miners themselves, who monitor the vast hallways of machines producing cryptocurrency for various clients. Continue reading