Why the biggest Bitcoin mines are in China – China’s latest business and technology news

Ieee.org, which describes itself as “the world’s largest technical professional organization for the advancement of technology,” has published an article titled “Why the biggest bitcoin mines are in China,” mostly based on a visit to a computer  facility in Inner Mongolia owned by a company that has manufactured about 70 percent of all the world’s computers that do calculations to “mine” bitcoin.  

Why? Cheap, coal-fired electricity, and access to cheap chips.

Jeremy Goldkorn

Jeremy Goldkorn is co-founder of the Sinica Podcast and currently edits SupChina and its daily newsletter.