Dalad Banner (
Mongolian: Далад қосиу ''Dalad qosiɣu''; ) is a
banner
A banner can be a flag or another piece of cloth bearing a symbol, logo, slogan or another message. A flag whose design is the same as the shield in a coat of arms (but usually in a square or rectangular shape) is called a banner of arms. Also, ...
of western
Inner Mongolia
Inner Mongolia, officially the Inner Mongolia Autonomous Region, is an autonomous region of the People's Republic of China. Its border includes most of the length of China's border with the country of Mongolia. Inner Mongolia also accounts for a ...
, People's Republic of China, lying on the southern (right) bank of the
Yellow River
The Yellow River or Huang He (Chinese: , Standard Beijing Mandarin, Mandarin: ''Huáng hé'' ) is the second-longest river in China, after the Yangtze River, and the List of rivers by length, sixth-longest river system in the world at th ...
. It is under the administration of
Ordos City
Ordos ( Mongolian: ''Ordos''; ), also known as Ih Ju, is one of the twelve major subdivisions of Inner Mongolia, China. It lies within the Ordos Plateau of the Yellow River. Although mainly rural, Ordos is administered as a prefecture-level c ...
, although it is closer to the city of
Baotou
Baotou (; mn, Buɣutu qota, Бугат хот) is the largest city by urban population in Inner Mongolia, China. Governed as a prefecture-level city, as of the 2020 census, its built-up (''or metro'') area made up of its 5 urban districts is h ...
, to the north-northwest.
Climate
Economy
The local industrial zone Dalad Economic Development Zone is home to chemical plants, aluminum smelters, and one of the world's largest
bitcoin mining
The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally-signed messages to the network using bitcoin cryptocurrency ...
operations.
The operator of the zone's bitcoin mine
Bitmain
Bitmain Technologies Ltd., is a privately owned company headquartered in Beijing, China, that designs application-specific integrated circuit (ASIC) chips for bitcoin mining.
History
It was founded by Micree Zhan and Jihan Wu in 2013. Prior to ...
produced in 2017 about 5% of the world's daily production of
Bitcoin
Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...
in a facility with 25,000 computers tended to by about 50 employees.
However, Inner Mongolia plans to ban cryptocurrency mining from April 2021.
References
External links
Official site
Banners of Inner Mongolia
Ordos City
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