North American Miners Are Emerging As Big Winners
China's crackdown on bitcoin mining has demonstrably benefited North American firms.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Much has been said about the mass migration of bitcoin miners from China over the last six weeks, but what has gained less attention is the positive externalities that the China ban has created for North American mining operations.With the drop in hash rate, both the....
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The partnership is designed to lower the high cost of entry for would-be bitcoin miners.
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the hash-power dichotomy between the Eastern and Western hemispheres.North American Bitcoin miners often have to contend with energy....
Bitcoin.com is pleased to announce The North American Bitcoin Conference is hosting its 4th annual event this year in Miami. With all eyes on bitcoin and the significant interest in blockchain solutions, this year’s conference will be a great place to be to gain insight on the future of these innovative emerging technologies. Miami Hosts The North....