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China’s underground bitcoin miners

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Workers transferring cryptocurrency mining rigs at a farm in Sichuan province

AFP | Getty Images

Kirk is mining for bitcoin in the Chinese province of Sichuan, hoping every day that he doesn’t get caught by the authorities. 

Like other crypto miners who have gone underground since Beijing cracked down on the industry earlier this year, Kirk — who asked only to be identified by his nickname to ensure his safety — is getting creative to evade detection. 

Kirk has spread his mining equipment across multiple sites so that no one operation stands out on the country’s electrical grid. He has also gone “behind the meter,” drawing electricity directly from small, local power sources that are…



Source cnbc.com

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