In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix
In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix
Bitcoin
Money /  Investment Products

It takes 556 days of computing and a hefty electricity bill to mine a single bitcoin. Is it worth it?

The prices of crypto mining computers have risen with soaring bitcoin prices, prompting some enthusiasts to mine for Ethereum and other alternatives

Topic |   Bitcoin
Amanda LeeJosh Ye
Amanda Lee and Josh Ye

Updated: 2:48pm, 21 Jan, 2018

Why you can trust SCMP
In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix
In this December 6, 2013 photo, a staff member checks a bitcoin mining computer at Landminers in Chongqing. China is home to the world’s largest cryptocurrency mines, eager to make use of the country’s abundantly cheap electricity charges. Photo: Chinatopix
READ FULL ARTICLE