BTC miners migrate from China.

In recent days China has considered applying restrictions to companies engaged in mining BTC as a financial risk for the country, and these restrictions are also due to the environmental impact that mining is causing to the environment.

This situation has caused the large companies in charge of mining BTC in China to migrate to Europe, North America and other areas of Central Asia. The migration of BTC mining equipment is a reality at the moment and this situation could continue to affect the BTC market, while the companies stabilize in the new locations where they have decided to migrate.

According to Edward Evenson, head of business development at Braiins, one of the largest companies dedicated to digital mining, stated that this situation of migration of mining machines was already in process, as they were moving much of the equipment to other continents and that the new machines being developed were being shipped directly by their manufacturers Bitmain and MicroBT to North America.

Source

It is expected that the migration of miners will increase in the coming days, as a wave of restrictions by the Chinese government on the companies in charge of mining in that country is expected. Now this whole situation of migration of large mining farms is considered good news for the BTC and for the industry itself, since it is changing energy generated mainly from coal, as in the case of China, for renewable energies.

In conclusion, this particular situation that the large companies or farms dedicated to mining in China are experiencing means that BTC prices in the market are maintained or may plummet even more, a situation that worries the large investors of cryptocurrencies in the market, but not everything is bad because this whole situation is for the better and soon the markets will recover and there will be a greater decentralization of BTC because the mining process will not be concentrated in a single country.