This week’s summary of various cryptocurrency news and developments:
New developments:
The Chinese province of Sichuan is becoming the country’s bitcoin mining capital
According to the China Money Network, bitcoiners keep on trying to move to mountainous regions where mining equipment can naturally be cooled down without the need for additional resources. This has led to an exponential growth in mining centers in the Chinese province of Sichuan, which according to the local publication saw more than 20 companies, and 10,000 mining machines move in. The province, with a population of roughly 200,000, is a great place to mine the cryptocurrency, as it has low population density, which helps avoid noise complaints, a cold climate that helps cool down the machines, and cheap electricity, thanks to its hydroelectric power plants.
Full Read Here:
http://thebitcoinnews.com/bitcoin-news-roundup-february-26-2017/
