The Mass migration of Chinese crypto miners

[Rightchoice]

The Uncertain future of Chinese crypto miners can directly be attributed to the unsupportive policies of the Chinese government.  https://www.asiacryptotoday.com/the-mass-migration-of-chinese-crypto-miners/

[jeffthebaker]

This is a very interesting actuality. The article states that these Chinese miners are often relocating to third world and developing countries (likely due to lax regulation and cheap energy). I wonder if this will have any societal impact in bridging global inequality in some capacity?

[lunaelucemauram]

That si a very large number of people and crypto mining farms, also I think that them migrating to a colder and rural place in Russia is a good idea since it can help their mining farm the only question is that can they be supported be the Russia government specially they are one of the top most when it come to crypto mining.

[pranazzs]

yes it could be in Russia the right place. because Russia will legalize mining. following the news.
https://cointelegraph.com/news/bitcoin-will-be-legal-in-russia-mining-to-be-regulated

[Gogochen]

China is a stupid country that could have had pricing power in the cryptocurrency market.
And most of the mines are concentrated in China, which is a good source of profits, yet China is now driving a lot of good companies to Russia.

[joann15]

yes it could be in Russia the right place. because Russia will legalize mining. following the news.
https://cointelegraph.com/news/bitcoin-will-be-legal-in-russia-mining-to-be-regulated

Yes that is right that's if I were them I would choose to migrate to China for that numbers of mining rig because we all known how strong Russian is and Putin really wants like this a cryptocurrency which really independent and decentralized because Putin really hates people who are corrupts and manipulators.

[hermes006]

I think China could be the first country in the world if it were not so conservative. Trying to take control of cryptocurrency, they only lose young professionals who go to work in other countries.