Bit-Media

Saturday 24 February 2018

Secret Chinese Bitcoin mine makes Billions

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 A Secretive Chinese start-up  dominates the Bitcoin "mining" industry land as reported by CNBC Is likely to make as much as chipmaker Nvidia did last year.

Estimates of gross margin of 75 percent and operating margin of 65 percent, analysts calculate that the mine made $3 billion to $4 billion in operating profit in 2017. It is estimated that Nvidia's operating profit was $3 billion during the same period.

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