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Today, this tradition of cultural importance continues with the many coins issued for holidays, national and cultural themes. As the Beijing Ancient Coins museum explains, one early factor in the development of this thinking was the inclusion of the emperor’s signature on coins. The many numismatic venues and their prestigious sponsors reflect the great significance attached to coins in Chinese culture. Additionally, the National Museum has a major permanent numismatic display and coins are often seen at other institutions like the Capital Museum. Across town the China Numismatic Museum operates under the auspices of The People’s Bank of China, the nation’s central bank. The Beijing Ancient Coins Museum at Deshengmen Gate is part of the Beijing Municipal Administration of Cultural Heritage. There is a good display of modern paper money, although the best collection in the world can be seen across town at the China Numismatic Museum.īeijing has two purely numismatic museums. They do a fine job of presenting the development of money in China and why numismatics is important to Chinese culture today. Although, my interest is primarily modern Chinese coinage, the exhibits are excellently explained in English. Once a Beijing military post and now a numismatic museum.Īs the sign suggests most of the coins are ancient. Behind them is the top level of the Deshengmen Gate,

The Year of the Rooster in coins and medals. At ground level, though, the former garrison is now dedicated to coins, not warfare. A couple of antique cannons reinforce the impression. On a clear day, a climb to the topmost parapet rewards a visitor with an outstanding view of the city, as well as an appreciation for what a formidable post this was. Many gates are now completely gone, remembered only in the names of subway stations like Xuanwumen (pronounced Shwen-wu-men) and Fuchengmen.įittingly, there is a fascinating military museum on an upper floor of the Deshengmen Gate fortress. The gates controlled entry and egress to the capital city and were repeatedly the sites of pitched battles between Chinese defenders and Mongol bands from the north.

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The nine gates were manned by crack troops, the toughest and best-trained in the emperor’s military. Once it was one of nine fortified entrances to the old city of Beijing. Inside, shielded from traffic noise, is a peaceful courtyard lined with Magnolia trees. There a sign announces, “Panoramic View of Beijing Ancient Coins.” From here it is just a few more paces to the entrance. We make haste to the safety of a broad landing area. Its sheer face of carefully fitted charcoal-gray blocks calls to mind Mordor.

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On foot now, we gingerly thread our way toward the massive structure.Ī high stone wall crowds the curb and leaves us little room to avoid the cars that zip by. The car turns, rolls across an overpass as ten lanes of Beijing vehicles rush by below, and drops us off along the edge of a busy traffic circle.

I nod toward it and ask, “Is that where we are going?” “Yes,” my friend replies. Shot in a Chinese Bitcoin generating factory, ✼hinese Coin (Red Blood)« by artist duo UBERMORGEN.COM (lizvlx and Hans Bernhard) enters a space generally unseen and about which very little is known, and explores both the unpredictability and the subversive power of crypto-currencies.Silhouetted against the sky, one building stands out as our taxi slows to exit the freeway. Bitcoin mining is an arms race in which it comes down to who can produce the most energy-efficient chips fastest and cheapest as well as deploy them the quickest very similar to red blood cell production in the human body. By comparison, about 100 million new red blood cells are formed in a human body every minute. Only one of these Bitcoin mines operates above 10,000 AntMiner units.

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The first mining farms were in Shanxi and Inner Mongolia where coal was cheap and plentiful, but cheap coal can't compete with free water and now the farms are migrating fartherwestwards. One reason for this growth is the build-out of hydropower in western China. Mining requires effort and it slowly makes new currency available at a rate resembling the speed at which resources like gold, diamonds, silver, and zinc are mined from the ground. Chinese Coin mining has recently made the People's Republic of China the world’s largest Bitcoin producer.