Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown

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

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