Displaced bitcoin miners thwarted by data centre crunch amid China crackdown

Source: Tech – South China Morning PostNow is a great time to get into bitcoin mining. That is, if you can find a place to plug in.A crackdown in China has taken out a vast number of machines in the global network used to perform the calculations that verify transactions and create new bitcoin. Now profitability for these cryptocurrency miners has surged, as the amount of energy needed to solve for a bitcoin block plummets.That is great if your equipment is already up and running. But the hunt for space in bitcoin-friendly data…Read More

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