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Crypto Miners Are Fleeing to Russia and Canada, but Chinese Authorities Might Lift the Mining Ban -Breaking

November 6, 2021
Source: streetregister.com streetregister.com
News Snapshot:
- China‘The Great Mining Migration brought about by the bad reputation of cryptocurrency caused most miners to flee the region. - Russia, Canada and the United States have all welcomed miners to their countries and they now lead the Bitcoin Hashrate contributors list. - These areas offer favorable mining policies as well cheap consumer electricity, and perfect weather. - Rumours suggest that China might reverse its ban on mining. Is it possible to expect a return to China of Chinese miners? In May 2021, China triggered some of the biggest downswings of Bitcoin’s history. Bitcoin’s price plummeted after it was...
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Tags: ban | bitcoin | blockchain | boycott | Business | Canada | CEO | China | Chinese | commission | consumer | crackdown | crypto | cryptocurrency | currency | development | Economy | email | energy | fintech | Kazakhstan | Oil | Russia | United States | weather

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