Chinese Crypto Miners: Story of Exodus
China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, is now doing its best to drive cryptocurrency out of its territory after escalated government crackdown on cryptos and mining since last September. It is no longer the best place to mine.
In our serial stories tracking Chinese miners, these unwanted miners are crossing the border to find their new home with varied troubles and sufferings. Large mines move their operations overseas with Canada, the U.S., and Iceland among their top candidates, whilst most small and medium-sized ones turn to Thailand, Cambodia and Vietnam in Southeast Asia for geographical proximity, and they are looking for more places where access to cheap or close to free electricity is available, or simply, some mining investors choose to close their mining business…

Chinese Bitcoin Miners in Iran: To Leave or To Hang on
Jan 16, 2020 by lylian Teng
As the U.S. and Iran step back from the brink of war, it comes as a temporary relief to bitcoin miners in the oil-rich country. The Middle Eastern country had previously attracted Chinese b...

Learn About This Bitcoin Mining Utopia - Where Electricity Costs $0.006 per kWh
Apr 10, 2019 by lylian Teng
Many Chinese crypto miners have migrated to places with cheap electricity and favorable policy on offer, as a result of the escalated government crackdown on cryptocurrency and its production proces...

Chinese Miners Exiled to Russia, Kyrgyzstan, Mongolia, Anywhere with Cheap Electricity
Aug 16, 2018 by lylian Teng
China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, is now doing its best to drive cryptocurrency out of its territory after escalated government cr...

25,000 Bitcoin Miners in Sichuan: Fear Power Outage and Loneliness Most
Jul 16, 2018 by lylian Teng
There are about 5 million bitcoin mining machines and 25,000 crypto miners in remote parts of Sichuan, a province in southwest China where hydroelectric energy is abundant and cheap. There th...

China’s Bitcoin Miners Unwanted in Southeast Asia Too
May 13, 2018 by lylian Teng
Southeast Asia is emerging as a new hub of bitcoin mining as Chinese miners swarm to Cambodia, Myanmar and Vietnam because of access to comparatively cheap electricity and geographical proximity...

Chinese Miner In Siberia: Gun Makes Me Feel Safe
Mar 22, 2018 by lylian Teng
Bitcoin sluggish and declining profit have raised a higher demand to crypto mining. On the other hand, China’s crackdown on cryptocurrencies broadens to bitcoin mining, some of the industry’s big...

Chinese Bitcoin Miners Sell Used Mining Rigs on Second Hand Markets
Oct 19, 2017 by Cindy23
A growing number of Bitcoin miners are flogging their mining rigs on the second-hand trading platform Xianyu of Alibaba Groups after China’s ruling on ICOs and exchanges. ...

New Miners of the 21st Century: What Do They Look Like in Sichuan Province?
Jun 8, 2017 by Cindy23
Sichuan, a mountainous province in southwestern China, is home to an increasing number of bitcoin mining sites. Kun, 29-year-old, is a management operator of a bitcoin mining site which is act...

Miners deep inside China’s Western desolate mountains
Feb 23, 2017 by chris zhou
For ordinary people, Bitcoin is rather mysterious and technology-related. For amateurs, it will surprise them that mining plants are now scattered in remote places like mountains in southwestern r...
Big Hi there, this is Lylian, an editor with 8btc. Interested in new stuff going on around the world. Get the latest Chinese policies on blockchain and cryptocurrency for you...
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#Chinese #Miners: Story of Exodus | http://NEWS.8BTC.COM https://news.8btc.com/chinese-miners-story-of-exodus …
After the country’s crypto ban, unwanted Chinese miners are gradually exiled from their home in Sichuan and Xinjiang to Canada, the U.S., Iceland, Southeast Asia, and Russia, Kyrgyzstan, anywhere with cheap electricity and amicable policy…
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