Recently a few videos have been released to the public by Eric Mu, the Chief Marketing Officer of HaoBTC a Chinese-based bitcoin wallet company, exchange, and mining facility. The videos called “HaoBTC Kangding mine walkthrough” show the company’s operations first hand within the mountainous region of western Sichuan province. Unlike some of the “secret” mining companies located in China, HaoBTC is a registered Chinese corporation and complies with the region’s regulatory policies. The company says they boast years of experience in the cryptocurrency space and “know the ins and outs of the industry, thus are better equipped to avoid the loopholes.” What’s unique about the facility in Kangding is that the mine is powered by running water. They say that some facilities have found ways to get really cheap even free electricity but cannot beat the rate of “off-grip hydropower.”
HaoBTC Kangding Bitcoin Mine The first filmed Kangding mine that is toured is one of three data centers and currently generates a 33PH hash rate. Inside the mine viewers are shown what looks like thousands of Avalon 6’s and Bitmain S7’s operating at full capacity. The humming sound inside the facility is very distinct and can be heard immediately when the doors are opened.
In part two of the video series the crew visits another HaoBTC mine that is also located in Kangding, which operates at 10PH. In this particular guided view of the mine, it shows its large mountain river flowing next door proving the source of its hydro-powered data center. This particular operation also has multiple rows of metal racks filled to the brim with mining equipment. The company does acknowledge via its website that’s it’s easier for them to garner mining gear by being located in the region stating: “Most mining equipment are manufactured in […]
