2021.03.29 17:37 GMT+8

Explainer: Cryptocurrency mining - A glimpse at Bitcoin

Updated 2021.03.29 17:37 GMT+8
CGTN

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.

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