Bitcoin miners: China’s cryptocurrency crackdown pushes companies overseas

Source: South China Morning PostBitcoin miners are looking for workarounds to Beijing’s new cryptocurrency crackdown in China, which accounts for two-thirds of global bitcoin mining, with some going underground or looking at moving operations overseas, possibly to places with much more expensive electricity.A few big operators have halted China operations and are relocating mining projects to North America or Central Asia. Small miners, sometimes just individuals who keep a few computers humming at home, may choose to keep…Read More

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