Bitcoin Mining Documentary Aired in China
A documentary that aired recently on China’s SNTV channel gives a rare inside look at how bitcoin mining works. Bitcoin mining has been increasing in popularity worldwide along with rapid growth in bitcoin wallets, trading volumes, transaction values, and venture capital investment. SNTV reporter Terry Zhao visited a bitcoin mining operation in east China’s Zhejiang province and interviewed the owner. The owner, who chose to remain anonymous, was one of the first bitcoin miners. He explained that only 25 bitcoins can be mined every 10 minutes, and that he was one of the first people who Satoshi Nakamoto introduced to bitcoin mining. The most shocking revelation in the documentary is that bitcoins are actually mined from the ground. The owner of the mine takes Zhao on a tour of his mining operation, which is an actual mine, like with dirt and rocks. The miners dig up the bitcoins from the ground, clean them, and sell them to bitcoin exchanges, which then sell virtual representations of the bitcoins online. With bitcoin mining revealed to be a hoax, we should expect to see companies in the bitcoin industry severely affected, and market volatility increasing a great deal. Previously it was believed that bitcoins were generated by solving cryptographic problems, and involved an immutable public ledger known as the the blockchain. On the bright side though, bitcoins actually look very nice and may attract coin collectors and hobbyists.
Comments
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Nice lol, Very good Documentary
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Please Help me with any amount, I'm from Brazil and the situation here is not good, I need to get some money to help minh family, things here are not very good. Thanks in advance. Bitcoin wallet: 18JV7TLQv5Gi9oPz1yymqbCMZEBthH11tp
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In Canada we drill through the thick summer ice for our Bitcoins :)
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Top mine is the best!!! https://topmine.io/?reg=79182
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amazing. tomorrow in going to my field mining bitcoin for selling to BTCC . i think the shape btc i will get after min can be different . a big lol
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Let you guess, you guys had a day off and decided to troll the entire chinese population. You guys do you know that Chinese ppl are very gullible right?
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i like the humor
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HAHAHAHAA I saw the woman smiling... LOL HAHAHHAHAHA this made my day
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ROFL omfg this is fucking hilarious!
HAHAHA "i know satoshi"....Let's go mine some bitcoin with our shovels hahahahaha -
ok i get it april fool;s
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hmmmmm....
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Are you 'avin a laugh? Is he 'avin a laugh?
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So this is why the price has gone up so much, the truth got out.
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whos adam and austin?
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sorry those who think china is ,,, fuck youself they are way better than big eu nation
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new users o bitcoin what is this wtf??? interesting but still confuse
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Iol BTCC risky move but well played
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Its true, I just checked my bitcoins have made in China stamped on them. Donald's hair is going to flip!
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In Texas we mine BTC with dynamite.
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