Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown

in busy •  7 years ago 

Despite this, the Chinese government has not indicated that it will expand the cryptocurrency crack to target minerals, as many people are planning to put their operations somewhere else. It is searching for other courts to run a growing number of Chinese miners, among the uncertainty of the Chinese mining industry's future.

Mr. Qui argues that [Mining] business template is bound to go abroad, even if only 1 percent is likely that China's action against bitcoin will increase to mining, with the US local authorities, at the rate of electricity Talking and buying sites for future use. This Chinese miner Akira Cui recently told the South China Morning Post that many miners have already paid a visit to Vietnam, Laos Thailand, and Russia.

It has been estimated that about 70 percent of Chinese Minor's Bitcoin network produces a total of mining power.

Images courtesy of Shutterstock

source - https://news.bitcoin.com/chinese-bitcoin-miners-explore-relocating-abroad-amid-fears-of-crackdown/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Bitcoin evolving everyday...

Congratulations @pritam58! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!