Mining worldwide: Where should crypto miners go in a changing landscape? By Cointelegraph

Mining worldwide: Where should crypto miners go in a changing landscape?

Cryptocurrency Feb 19, 2022 05:00PM ET

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Mining worldwide: Where should crypto miners go in a changing landscape?

One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.

While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to set up shop. Many of them moved to the United States — the world’s new mining mecca — while some left to Scandinavia and others to nearby Kazakhstan, with its cheap electricity.

A mining farm of Genesis Mining in Iceland. Source: Marco Krohn.

A homemade Bitcoin mining rig with GPUs. Source: Bitcoin Wiki.

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