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Where did most of the mining equipment move to after the Chinese ban on cryptocurrency mining? You may be surprised …

November 24, 2021
Source: cryptheory.org cryptheory.org
News Snapshot:
Where did most of the mining equipment move to after the Chinese ban on cryptocurrency mining? You may be surprised … The ban on cryptocurrency mining by the Chinese authorities in May this year led to extensive migration. The world’s 14 largest mining companies have exported more than 2 million pieces of equipment from China in recent months. According to the results of the FinancialTimes study, the main beneficiaries are Russia, Kazakhstan, USA and Canada. After the ban on cryptocurrency mining, most equipment moved to Russia One of the largest miner in the United States, Bit Digital, has hired an...
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Tags: America | ban | bitcoin | blockchain | boycott | Canada | Casino | China | Chinese | Computing | crypto | cryptocurrency | currency | customer | digital | equipment | facility | fintech | Kazakhstan | logistics | New York | North America | Russia | United States | USA

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