Crypto Miners Are Fleeing to Russia and Canada, but Chinese Authorities Might Lift the Mining Ban


Source: coinspectator.com coinspectator.com

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- China‘s bad touch on cryptocurrencies triggered the Great Mining Migration, forcing most miners out of the region - Russia, the United States, Canada, and Kazakhstan have welcomed Bitcoin miners and now top the list of Bitcoin hashrate contributors - These regions provide mining-friendly policies, along with cheap consumer electricity and ideal weather - There are rumors that China may reverse its mining ban. Are we going to see a return of miners to China? In May 2021, China triggered some of the biggest downswings of Bitcoin’s history. After declaring Bitcoin mining illegal, the price of Bitcoin fell from a...