News Snapshot:
TOPICS: China World Posted By: newsus June 19, 2021 Jiang Zhuoer, a billionaire a few years ago for operating some of China’s most lucrative mines. Your merchandise? Bitcoin. Jiang had about 300,000 computers running 24 hours a day in 20 specially ventilated warehouses in northern China, consuming enough electrical power to force a small city. Sophisticated machines charge millions of dollars. The virtual currency they minted has an even greater value. Today, Jiang, a 36-year-old who speaks fast, is retiring to China and he and several Chinese investors, some of whom have billionaires through bitcoin mining, are contemplating shipping their...
