Editor’s Note: The Bitcoin industry exists in a legal gray zone in China, and the miners in this story, concerned about attention from the government, asked not to have their full names or the names of the villages where their mines are located mentioned in this story.
Sichuan Province is home to one of China’s largest bitcoin mines, where mining machines are used to produce cryptocurrency that is sought by entrepreneurial Chinese investors.
Nothing in the tech world confuses us as much as Bitcoin it seems. What we do know about it is that it’s volatile and it can be worth a ton of money, but we hardly understand where it comes from, who invented it apparently, or what it is past being a crypto-currency- even that term confuses many. Perhaps the main reason Bitcoin baffles us so is it’s infinite nature- it can develop into so many structures and utilities that it’s hard to describe it as anyone thing, but hopefully this article clears up some of the confusion for you.