Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

Understanding how an asset is created is essential in order to take a correct position when deciding if you should buy, sell or hold your positions. 

In this video you can see how a Bitcoin mine operates. The costs are high, not only there is an heavy investment in computer power but also in terms of electricity to run the farm. In this example in Dalian, China, one single farm consumes 1.250 Kwh per day with a mining capacity of 25 to 30 bitcoins per day, add the costs for rental space, employees and  equipment and Bitcoin mining will not be profitable if it falls below 4.000 USD.