Bitcoin mining migrating from China to the United States | CryptoSlate
- The move by Squire is a boon for decentralization of the Bitcoin , Bitcoin Cash , and Bitcoin SV networks.
- Even more concerning: multiple sources have suggested the majority of the mining in China takes place in a single province-Guangdong.
- According to these sources, most major players in the industry in China are hedging their operations and migrating their supply chains to other countries to minimize the impact of regulations from the Chinese government.
- Especially against governments with tight monetary controls that have the most to lose from a technology like Bitcoin.
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