Where should crypto miners go in a changing landscape? By Cointelegraph


© Reuters.

One of the main themes for the crypto community in 2021 was China’s aggressive policy towards mining, which led to a complete ban on such activities in September.

While mining as a type of financial activity has not gone away and should not go away, Chinese cryptocurrency miners have had to look for a new place to set up shop. Many of them have moved to the United States – the world’s new mining mecca – while some have gone to Scandinavia and others to neighboring Kazakhstan, with its cheap electricity.

A Genesis Mining farm in Iceland. Source: Marco Krohn.
A homemade mining rig with GPUs. Source: BitcoinWiki.

Continue reading on Coin Telegraph

Warning: Merged media would like to remind you that the data contained in this site is not necessarily in real time or exact. All prices for CFDs (stocks, indices, futures) and Forex are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price, which which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur due to the use of this data.

Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.


Comments are closed.