Bitcoin and other cryptocurrencies are the future we are heading for With them, our lives would be so lighter

LIFE INSIDE THE CHINESE BITCOIN MINE In isolation in the rural area of ​​northeast China is located six down to bitcoins that belong to a mysterious group of four people As of October 2014, they generated 4,050 bitcoins per month, ie about 36 million crowns Their computing power equals 3% of the entire bitcoin network We're heading to Changcheng, one of our bitcoin farms

Dalilan has a special place in the bitcoin industry because of the environment Air quality and conditions are pretty good Conditions in other mining towns are quite harsh The life of miners is pretty dull We're looking at the best bitcoin mine in Changcheng

It's a three-storey building We have a second floor I am the general manager of this mining site I'm in charge of the operative This includes equipment, staff and power supply

My friends and I created this project together We are all shareholders We put together the money and we solve the problems together We currently have 6 downs We do our best to open more mines

We race to respond to the demand on the Internet Whoever has great performance will be rewarded The reward is bitcoins, virtual currency At the best of times, we have mined up to 100 bitcoins a day in each mine As performance and computing power increase, numbers change

Electricity costs are also linked to this We use about 1,250 kWh Our electricity bill is about 2 million crowns per month On this scale and with this equipment every day we extract 20 to 25 bitcoins in each mine We have around 3,000 miners here

Everything starts with the connection of the mining machinery to the power supply Then connect them to the Internet Once miners are online, computers can change settings Then they can create algorithms When the correct calculation is done, we get a reward

I believe bitcoins will be the currency of the future They cannot completely replace the current financial system but the financial system is moving in this direction The bitcoin value is not stable because we are still at the beginning of development Honestly, it's still a mining phase It is similar to China's cash changeover to use credit and debit cards

We believe in them because they are the trend of this era It is one of the times that a financial company must go through its development Right now, the Chinese government does not support us, nor is it against us If the bitcoin market operates safely and legally, I think the Chinese government will move towards support in the future These machines are either broken or no longer used

There are about 900 of them As Avalond consumes more electricity and has less power, it's a product that should disappear from the market Our machines have higher performance We recycle everything we can and give it a new purpose The residue can only be treated as waste

The fans must work, otherwise the temperature would be too high When the machines overheat, they collapse You see the fans themselves When something goes wrong, power drops and the backs of the miners turn red We also have large exhaust fans here

There are twelve of them When you step into the room, you will feel a great gust of wind It works great for heat removal If they run at full power, they might suck someone It tastes good, doesn't it? Tasteless? Soak it in the sauce

Most employees live right here Compared to the same positions in traditional industry our employees have relatively high salaries Once the machine starts, it cannot stop because of a human error Common issues include electricity issues power, the Internet, or the computers themselves These things directly affect profit from our mines

The main qualification of our employees is the knowledge of computers They must really understand them very well Other Bitcoin related skills will be learned after adoption This is a rest room Employee life is simple, perhaps a little boring

In addition to device monitoring, workers sleep, read or play with cell phones Because we're mining 24 hours a day, we need to have someone here for security So when employees have a service they must also be available here at night The problem of which the most worried is the massive system failure Let's say I have 1,000 machines and 200 of them fall

I'll have to find out where the error occurred Most problems can be solved easily Also, the workload is not too large I can drink tea or coffee while watching the machines I'm listening to audiobooks and playing games, drinking water, smoking

When I'm tired, I'm going over there and resting At first I was not very excited But now I think it's great

How many percent of your assets are Bitcoins? At this point, it's about 50% Another 50% is cash Do you think it's a good time to invest in Bitcoins? I think so