Bitcoin in China – 比特币

By Confused Laowai | Date: May 31st, 2011 | Category: General

If you follow me on Twitter, you would have seen I’m interested in Bitcoins recently. So, this isn’t exactly a language post, but I’ll give some info for those interested in Bitcoins in China and Chinese followers.

Firstly, for those that don’t know, Bitcoin is the new peer-to-peer cryptocurrency that has been receiving some interest lately. Here is video that explains the concept:

Get it yet? If not checkout Bitcoin.org. This is basically an awesome way to send and receive money without interference. The worth of bitcoins are steadily increasing. At the time of writing this, 1 Bitcoin is about $9.5.

Bitcoin translated in Chinese is: 比特币 (Bǐtè bì). There are two nice Chinese sites online at present explaining the concept in Chinese: Bitecoin.com and Bitebi.org. There is also Chinese forum section on the official Bitcoin forums.

Currently, I’m not aware of a trading site that allows easy trading to 人民币. I’m doing my trading on Bitcoinmarket.com for dollars.

If you found this post useful or just want to send me some Bitcoin love (aka donations!) send them here: 1CC5iyBuXDbzKQUhHMAqV4r5vbonJ8KTM6

If you have any questions, leave a comment!

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  • Clifford Magnus Larsen

    Never heard of it.  But it looks really cool.  I wonder who will be the first bitcoinaire?

  • http://niel.delarouviere.com NielDLR

    Some people might already that amount of bitcoins in dollar value!

  • http://twitter.com/MandarinPoster Mandarin Poster

    There is a good episode of Security Now that covered bit coin, a lot of it comes down to how powerful your computer is.

    http://www.youtube.com/watch?v=XQPSwA2Itbs

    http://twit.tv/sn287

  • http://niel.delarouviere.com NielDLR

    Oooh interesting. Will check it out. Yeah, at the moment mining the coins is
    very much determined by your processing power. But buying and selling is
    open to most people.

  • Anon

    I know this post is old but you should put it up on youku for the Chinese audience since youtube is blocked.  I will try to do that myself.