#Bitcoin Sichuan Mining Farm and Shenzhen Huaqiangbei Mining Machine Market (July 11. 2017)

This channel needs your subscription and like support. Your attention is my motivation to continue updating. Thank you! Bitcoin historian X account: @chainjailcn This channel needs your subscription and like support. Your attention is my motivation for continuous updates. Thank you! Please follow Twitter X account: @chainjailcn In 2017, Chinese miners mined seven out of every ten newly minted Bitcoins. Investigative reporters visited Bitcoin mining farmers near the Kangding Hydropower Station in Sichuan and the Bitcoin mining machine market in Shenzhen's Huaqiangbei district. As the price of #bitcoin soared from $500 to $19,000 in 2017, the price of Bitmain's Antminer S9 also rose from $1,500 to $4,300 per unit. Moreover, there was no spot stock available, so people had to pay a deposit first to purchase futures. In 2017, 7 of which were mined by Chinese miners. Investigation reporters visited the Bitcoin mining farm near the Kangding Hydropower Station in Sichuan and the Bitcoin mining machine market sales in Huaqiangbei, Shenzhen at that time. Since the price of Bitcoin rose from US$500 to US$19,000 in 2017, the Antminer S9 produced by Bitmain also rose from RMB10,000 to RMB30,000 per mining machine, and there was no spot in stock, so I had to pay a deposit to buy Bitcoin mining machine futures first. #Mining Machine#Bitcoin Mining Field