A close-up look at the HaoBTC mining farm in China
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A close-up look at the HaoBTC mining farm in China

THELOGICALINDIAN - Kangding is amid in a basin of the Tibetan Plateau westsouthwest of Chengdu the bigoted basic It is a burghal busy by both Tibetans and Han and is allotment of the actual Tibetan arena of Kham A angry river splits the burghal appropriately the connected complete of baptize reverberates throughout the burghal

Kangding is additionally the home of bitcoin aggregation HaoBTC’s mining farm.

HaoBTC’s capital appointment is amid in Beijing, China. But the aerial regions of Kangding accord the bitcoin exchange and mining aggregation allowance to operate. With low electricity costs from Chinese government subsidies, bargain accessories and accomplishment costs with admission to the newest ASIC mining chips, and the air-conditioned climate, it’s ideal for mining agenda currency. The average high temperatures in Kanding ranges from 53 degrees Fahrenheit to 71 degrees year round.

And in this video beneath aloof appear by Eric Mu, the CMO of HaoBTC, it absolutely puts the bitcoin mining operation on display. In the video, it shows three warehouses abounding of bitcoin mining equipment. The mining racks band the walls of anniversary warehouse, which aftermath acute bulk of heat. Above the racks are huge admirers alarming the hot air out of the warehouse.

The mining acreage generates 33PH hashrate. 1 PH is 1,000,000,000,000,000 (one quadrillion) hashes per second. The miners deployed are Avalon 6 and Bitmain S7.

It’s not adamantine to brainstorm why bitcoin mining has become a huge business befalling in China, with abundant of the bitcoin mining amid there. In May, Chinese aggregation Bitbank raised $1.5m to fund a new bitcoin mining facility.