Inside the Chinese Bitcoin Mine That's Making $1.5M a Month (opens in new tab)

(motherboard.vice.com)

7 pointsstupandaus11y ago2 comments

2 comments

Why use the profits from October in the headline of an article published in February? The cost of bitcoins has nearly halved in the meanwhile. Hope they had a healthy profit margin before.

WizzleKake11y ago

I remember reading somewhere that some Chinese miners will mine at a loss because they can purchase the equipment/energy/cooling/etc in RMB but convert the BTC into USD, circumventing the country's capital controls.

Does anyone have any more information about this?

j / k navigate · click thread line to collapse

2 comments

ceallen11y ago

Why use the profits from October in the headline of an article published in February? The cost of bitcoins has nearly halved in the meanwhile. Hope they had a healthy profit margin before.

WizzleKake11y ago

Does anyone have any more information about this?

j / k navigate · click thread line to collapse