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China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas

China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas



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26 Comments

  1. As someone seeing what’s happening with crypto mining in Malaysia (we’re over 4% of the global hashrate), I have a hard time believing the Chinese would stop coming here and go around the world to a hostile culture/nation to continue mining.

    We have a large overseas Chinese population and already have billions in mainland investment parked here.

    But, Americans have a tendency to see everything through red, white, and blue glasses… So, meh.

  2. Iceland really should swoop in. If they can increase their power generation they can take advantage of the cheap rates and use the weather for cooling like how some data centers in Sweden are.

  3. Meanwhile Texas is telling people to cut back on electricity consumption while gov Abbott all but ensconces Bitcoin mining into the state’s constitution

    But unless ant miner moves to Texas with them, all they’ll get is obsolete machines

  4. tldr; China has given miners two months to move out of the country. Mining is the energy-intensive process which both creates new coins and maintains a log of all transactions of existing digital tokens. Texas has some of the world’s lowest energy prices, and its share of renewables is growing over time, with 20% of its power coming from wind

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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