Bitcoin, everyone’s favourite decentralised, peer-to-peer digital cryptocurrency, is making headlines around the world. As more bitcoins come into circulation, the puzzles involved become increasingly difficult. Though some governments are hesitant about the world’s first google bitcoin mining, entrepreneurs are hoping Hong Kong will jump on the bandwagon.
HK’s new bitcoin farm involves one meter high transparent glass tanks, copper piping, cooling machines and computer boards soaked in bubbling 3M cooling liquid. LED lights flash constantly, though the facility is cool, safe and quiet. A crane was used to install cooling systems onto the roof . The cooling technique is one of the world’s most advanced, maintaining temperatures of below 37 degrees. In a race against time, bitcoin mining began in October. The company behind the operation is Asicminer, who own multiple mining facilities.