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Cryptocurrency Crackdown in China Triggers Thai Crypto Mining Boom

News Snapshot:

The moment the axe fell on China’s monstrous cryptocurrency mines, Thai entrepreneur Pongsakorn Tongtaveenan was prepared to swoop – rapidly purchasing up excess PC processors expected to recover Bitcoin from the organization and delivery them to Southeast Asia. Costs are currently once again at more than $13,000 for new “miners” – PCs that solve complex math puzzles that open Bitcoin awards from the organization. In any case, Pongsakorn, 30, has figured out how to sell hundreds of units across Thailand as youthful players hop into cryptocurrency as China takes action against the lucrative market. In September, Beijing banned all cryptocurrency…

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