Bitcoins Mining Factories Comparison In The East And West (Videos)

When talk about blockchain technology, it is unavoidable to link it to bitcoin (the most valuable and popular cryptocurrency). This is because blockchain was effectively brought to light by the success of the bitcoin and when people talk about bitcoin, somehow they will need to mention the value and power of its underpinning technology, which is Blockchain. 

So, you can think of this revolutionary technology as follows:

Blockchain technology = Internet technology (the TCP/IP part)

Bitcoin = (one of the) website that sitting on Internet that provide peer-to-peer money transaction

(note: there are plenty more other cryptocurrencies in the market and the more popular ones are Ether and Litecoin)

As to why Blockchain technology has potential to revolutionize many and not all industries, I will keep it for another post for this. 

Today, what I am going to share is about Bitcoin Mining. For the newbies, Bitcoin Mining is making use of the computer power (plus electricity) to resolve complex computing logic (put it rather simply) with the aim to be rewarded with fraction of bitcoins. It is definitely more for the geeks but can be a very lucrative business (especially when it was first started not long ago).  

In fact, if you have not already know, Bitcoin Mining is a huge industry in both east and west side of the world. I managed to curate 2 videos about the Bitcoin Mining from the east (China) and west (Iceland).

Bitcoin Mining Factory In China:

Bitcoin Mining Factory In Iceland:

BONUS Video: If you are interested to try out mining bitcoin at the convenient of your house (or garage), check out the following video on how it can be done and decide for yourself whether it's worthwhile or not:

Cheers!