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The rewards are halved at regular intervals until 21 million bitcoins have been created – at which point, production will cease.Over the coming years, even when accounting for Moore’s law, mining will only require more resources to be worthwhile…Though some governments are hesitant about the world’s first cryptocurrency, entrepreneurs are hoping Hong Kong will jump on the bandwagon.HK’s new bitcoin farm involves one meter high transparent glass tanks, copper piping, cooling machines and computer boards soaked in bubbling 3M cooling liquid.LED lights flash constantly, though the facility is cool, safe and quiet. A crane was used to install cooling systems onto the roof .The cooling technique is one of the world’s most advanced, maintaining temperatures of below 37 degrees.

Whilst users could once mine bitcoins at home, setting up a mining operation nowadays involves a lot more infrastructure…As more bitcoins come into circulation, the puzzles involved become increasingly difficult.Entrepreneur and journalist Xiaogang Cao posted pictures of a new HK-based mining operation being set up in an Kwai Chung industrial building…Bitcoins are generated by ‘miners’ who devote computing power to solving mathematical puzzles.In a race against time, bitcoin mining began in October.

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And with an eye on the future, there is extra capacity built into the site…

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