Recently a few videos have been released to the public by Eric Mu, the Chief Marketing Officer of HaoBTC a Chinese-based bitcoin wallet company, exchange, and mining facility. The videos called “HaoBTC Kangding mine walkthrough” show the company’s operations first hand within the mountainous region of western Sichuan province.
Unlike some of the “secret” mining companies located in China, HaoBTC is a registered Chinese corporation and complies with the region’s regulatory policies. The company says they boast years of experience in the cryptocurrency space and “know the ins and outs of the industry, thus are better equipped to avoid the loopholes.” What’s unique about the facility in Kangding is that the mine is powered by running water. They say that some facilities have found ways to get really cheap even free electricity but cannot beat the rate of “off-grip hydropower.”
The first filmed Kangding mine that is toured is one of three data centers and currently generates a 33PH hash rate. Inside the mine viewers are shown what looks like thousands