Today in High Prairie: July 28, 2023 - southpeacenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southpeacenews.com Daily Mail and Mail on Sunday newspapers.
This week's show starts with us grilling James on "what you have to do to be part of Chinese business culture" and descends from there into stories of the sort of booze-and-ketamine-fuelled business deal-making that seems to consist of a large amount of male business culture in China. But why? And what is happening to the whole industry under Xi Jinping's recent crackdown?
CX Daily: The Fall Of China’s Last Bitcoin Mining Haven
An ethnic Tibetan woman in Sichuan province’s Heishui county carries components of cryptocurrency mining machines that were sent from the Xinjiang Uyghur autonomous region on May 2. Photo: Ding Gang/Caixin
Bitcoin /
For the past year and a half,
the loud whirring of tens of thousands of high-power computers filled a cavernous warehouse round-the-clock, making a stark contrast with the hushed forests of the Ngawa Tibetan and Qiang autonomous prefecture in Southwest China’s Sichuan province.
This computational arsenal belonged to a crypto mining farm, a facility crammed wall-to-wall with specialized computers dedicated to solving the complex math problems that keep the network running, and earning new Bitcoin along the way. “That’s the sound of cash coming in,” said Ye Lang (pseudonym), the 40-year-old manager of the two-floor facility in the prefecture’s Heishui county.