Bitcoin BOMBSHELL: Chinese cryptocurrency miners to move to CANADA for energy sources

BITCOIN miners from China are being forced to look for opportunities abroad in the face of mounting pressure from the authorities at home about the amount of energy they use.

China has become one of the world's biggest sources of cryptocurrency mining but there are signs Beijing is increasing scrutiny of the sector's players and may ask local authorities to regulate the vast amounts of power they use. 

Bitmain Technologies, operator of some of China’s biggest mining farms, is among several companies looking to expand overseas.

Spokesman Nishant Sharma said the firm was looking at sites in the energy-rich Canadian province of Quebec ahead of...
source: Express

2018-01-13 00:56
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