Secret Hong Kong facility uses boiling goo to mine Bitcoins

Pff, who needs shelves full of graphics cards to a few Bitcoins dismantle today to build data centers in which the Boards in Electronic Liquid swim with an elaborate cooling system on the roof. Entrepreneur and journalist Xiaogang Cao posted pictures of a new HK-based mining operational being set up in to Kwai Chung industrial building.

A single Bitcoin is now worth over $1,000, but the process of mining for the digital currency — in which people devote computing power to facilitate global Bitcoin transactions and secure the currency’s network — is growing increasingly expensive. Serious miners have started to build dedicated facilities for the sole purpose of Bitcoin mining. Journalist Xiaogang Cao visited one such center, the “secret mining facility” of ASICMINER, reportedly located in Hong Kong’s Kwai Chung industrial building.