Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA
Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA
Bitcoin
China

China’s bitcoin miners in limbo after Beijing shuts down exchanges

Some of those hoping to cash in on the boom are having second thoughts

Topic |   Bitcoin
Sidney Leng
Sidney Leng

Updated: 2:55pm, 20 Jul, 2018

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Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA
Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA
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