News Snapshot:
Chinese Ban On Crypto Mining Forces Some Bitcoin Miners To Flee Or Sell Out, Says Reports 06/25/2021 The cryptocurrency mining industry of China accounts for more than half of global bitcoin production which has been virtually paralysed because of the sweeping ban on cryptocurrency mining by Chinese authorities. According to reports, Chinese cryptocurrency miners are dumping their machines in despair or are trying to get refuge in places such as Texas or Kazakhstan. "Many miners are exiting the business to comply with government policies," Mike Huang, operator of a cryptomining farm in the southwest province of Sichuan, was quoted as...
