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Bitcoin Mining Surges in Thailand After Chinese Crackdown

January 9, 2022
Source: aseaneconomist.com aseaneconomist.com
News Snapshot:
Following China’s crackdown is the surge of bitcoin mining in Thailand. Thai investors obtained and operated mining rigs and currently earn between $30 to $40 each day. Chinese Crackdown’s Impact on Mining Rig Prices Last year, Thailand’s number of bitcoin miners burgeoned following China’s crackdown on bitcoin mining. The shutdown compelled major players in the crypto industry to terminate or relocate their equipment to more crypto regulation-friendly countries. Several smaller investors acquired mining gear from the China-based miners because of the low price. Each new machine costs over $13,000, but despite the price, the demand continues to flourish. Thai businessman...
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Tags: bank | bitcoin | blockchain | Business | capital | CEO | China | Chinese | crackdown | criminal | crypto | cryptocurrency | currency | digital | Economy | equipment | finance | financial | fintech | Founder | Gold | investment | revenue | stocks | Thailand

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