Chinese bitcoin mine: in the future we will use technology to make products

“The town itself is so high up in the mountains that you have to bring your own cans of oxygen. Mobile phone signals frequently disappear around the mountains and valleys that surround the township. But high speed wi-fi makes video calls and chat apps the main mode of communication.”

“My guide is 30-year-old Chandler Guo, the owner of Bitbank, and a bitcoin entrepreneur. Guo is the very definition of Chinese new money. His family ran a beef farm, became rich and he decided to invest in bitcoin. He has transformed this sleepy town into a hidden bitcoin economy.

“In the past China manufactured simple things like clothes, shoes and things like that. But in the future we will use technology to make products,” says Guo.”

(source accessed 12.05.2016)