Explainer: Cryptocurrency mining – A glimpse at Bitcoin

CGTN published this video item, entitled “Explainer: Cryptocurrency mining – A glimpse at Bitcoin” – below is their description.

Cryptocurrency mining operations in Inner Mongolia will no longer be welcome after April because the energy bill in the Chinese region is running high. Inner Mongolia is a magnet for mining farms thanks to its cheap electricity that fuels their specially-designed computers day and night. These energy-hungry machines are built for one purpose and one purpose only: to mine virtual money. If this sounds gibberish to you, keep watching as we decode this cryptic activity.

For more:

https://news.cgtn.com/news/2021-03-29/Explainer-Cryptocurrency-mining-A-glimpse-at-Bitcoin–Z1JE2JDy3C/index.html

CGTN YouTube Channel

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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