Cryptocurrency Companies Are Leaving China in ‘Great Mining Migration’

  • 📰 WSJ
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Cryptocurrency-mining companies face many hurdles as they move their machines, prone to damage if shaken, out of China

Aug. 22, 2021 5:30 am ETearly this summer, Nasdaq-listed Bit Digital Inc. ramped up efforts to get its more than 20,000 computers out of the country.

Bit Digital and other cryptocurrency mining companies now face many hurdles as they move their machines out of a country that previously used two-thirds of the global energy dedicated to harvesting bitcoin. The machines are prone to damage if shaken, which makes packing and shipping them internationally an arduous task. A single new computer can cost about $12,000.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Never trust the CCP in China ever again.

Join cryptex trade to start making daily profit and also learn how to trade crypto

Why shouldn't US take this up since they have been complaining China of stealing theirs?

USA GOVERNMENT DOESNT LET THEM

thanks

Aryan75502190

Shaken not stirred.

The future will be delegated proof of stake on EOS

this is terrible news

We don’t buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 0.1 ($4,487) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM

당신은 크리스천으로서 거룩함으로 메시아의 오심을 기다리고 있습니까? TheGlorifiedBlood

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jack Ma’s Costliest Business Lesson: China Has Only One LeaderThe billionaire entrepreneur matched the heights of America’s tech legends but failed to heed warnings that Chinese leader Xi Jinping still called the shots. can't outshine the Emperor! robertojirusta BITE THE HAND THAT MAKE ALL THE RULES AND FEEDS YOU? and you think nothing will happen to you? y'all play too much
Source: WSJ - 🏆 98. / 63 Read more »