© 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.
Continue reading on Coin Telegraph
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.