Secret Chinese Bitcoin Mines Are Mining Millions

On May 4th, 2016 BBC reporter Danny Vincent published a report called “We Looked Inside a Secret Chinese Bitcoin Mine.” The reporter toured the facility of one of the largest emerging operations within the region. According to the BBC report the mine processes roughly USD $8 million per year in BTC and during the visit, its location was to remain classified. The BBC reporter Danny Vincent details his experience saying:

“The location is secret and I have been invited under the strict condition that I live onsite with the miners. The owners don’t want to broadcast their specific location, because while the Chinese government is neither officially pro or against bitcoin, the huge amount of money flowing from these mines is outside state control.”

BBC Reporter Danny Vincent Visits a Secret Chinese Bitcoin Mine

Photo Source: Danny Vincent, BBC

The site of the mine is hidden due to the fact there is no position from the government on the digital currency’s legal status. Vincent is guided by Chandler Guo, founder of Bitbank, and the location is very high up in the mountains with little to no mobile service.

Read more ... source: LiveBitcoinNews