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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In This Story: Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.
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