Rare Footage: Inside Massive Chinese Bitcoin Mining Factory

Rare footage from China, filmed on May 4, reveals the inside of a Bitcoin mining factory where 3,000 machines are powered day and night for mining Bitcoin. There are reports that preparations are being made to bring in 20,000 machines in all.

Bitcoin is a decentralized digital cryptocurrency which was invented in 2008, and is currently valued at $49k USD for only one Bitcoin. Mining Bitcoin is a process where new bitcoins are entered into circulation – it is critical for the maintenance and development of the blockchain ledger.

Click below to watch the video:

In order to mine Bitcoin, very powerful computers are needed to conduct the complex computations. Like mining for gold in California in the 1800’s during the gold rush, mining for Bitcoin is painstaking work, extremely costly, and rarely rewarding.

The big cost, however, is to the environment. The Bitcoin factory is located on a river in Yunnan Province with the plan to bring in 20,000 Bitcoin mining machines. Many are concerned about the direct impact that Bitcoin mining in China is having on the environment. With China’s relaxed waste disposal management practices, combined with Bitcoining factories sitting on a major water source, it is likely to spell disaster for those living downstream.

Tesla CEO, Elon Musk, suspended vehicle purchases using Bitcoin citing, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining…”

Dr. Eugene Bach is a known trouble-maker with an active imagination and sinful past. He has a PhD, but is not a real doctor, so please do not call for him during a medical emergency on an airplane when someone is having a heart attack. Eugene started working for Back to Jerusalem in the year 2000 after a backroom deal involving Chinese spies, the NRA, Swiss bankers, and a small group of Apostolic Christians that only baptize in Jesus’ name. He spends most of his time in closed countries attempting to topple governments by proclaiming the name of Jesus and not taking showers. From time-to-time he pretends to be a writer. He is not good at it, but everyone around him tries to humor him.

One Comment

  1. Brenda

    Praise Abba Father that he stands to glorify Gods Son Jesus. Our only hope for everlasting life.


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