Friday, 24 March, 2023

Chinese Bitcoin miners flee overseas, others sell out after ban

<p>After China&rsquo;s ban on bitcoin production, miners have left the country in despair seeking refuge in Texas and Kazakhstan. Miners have left the business to comply with the government and the machines that could be sold at 4,000 yuan can now be sold at 700-800 yuan. The Chinese ban caused almost 90% of the mining to go offline and mining operations outside China benefited right away. Some miners are moving to Russia in search of alternatives.</p> <p>&nbsp;</p> <p>&nbsp;</p>