(ECNS) -- An enterprise CEO in Sichuan province said he could mine around 55 Bitcoins a day worth 240,000 yuan ($40,000), the Sichuan-based West China City Daily reported.
Long Yujiang said he was one of the earliest investors in Bitcoins in China. He said he owns 60 high-performance machines, with which he can mine 55 Bitcoins daily. His daily theoretical income amounts to 239,000 yuan, if a Bitcoin is sold at 4,358 yuan.
But the machines consume 9,000 yuan worth of power and it is more and more difficult to create Bitcoin over time, he said, that is why he has started selling some of the machines.
Zhang Lan, a white-collar worker, said she found the machine priced at 580,000 yuan on Taobao, one of China's largest online markets, while her 70-square-meter apartment in Chengdu city of Sichuan province cost 600,000 yuan.
Bitcoins are a "virtual currency" that is not sanctioned by any government. Often called a "digital Ponzi scheme," the value of a Bitcoin (BTC) gyrates wildly and has increased exponentially from a few cents to more than $100 in 2013.
Bitcoins are theoretically capped at 21 million, 10.8 million of which are in the market, and the rest need to be created using the process known as "mining."
Many customers, most of whom are investors in traditional industries, have asked about the item, Long said.
The price of Bitcoin dropped Thursday after surging to a record high.
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