China has been cracking down bitcoin mining operations across the country like never before. This is a big blow to the community where more than half of the mining happened in China.
Many have compared China’s crackdown this year to the regulation which rocked the market back in 2017 – but there are some key differences that you should be aware of. Read more about how China’s crackdowns of 2017 and 2021 are different.
Texas aggressively been trying to woo these miners with the promise of lost-cost electricity using newable resources and, more importantly, crypto-friendly politicians. Read about how Texas may be the next hub for Chinese miners looking to set up shop somewhere other than China here.
US may be the obvious choice right now, but China’s Bitcoin miners are looking at Kazakhstan, Canada, and Europe amid the exodus too — but not every option fits the bill. You can read more about this here.