Thailand’s small entrepreneurs tapped into lucrative Bitcoin mining–buying up rigs from China
Small investors in Thailand are putting unused mining rigs from China to use.
Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
Abundant renewable energy sources, including cheap hydroelectric power, enable ‘green-energy mining’–but upstate environmentalists are not convinced.
Bitcoin mining industry has almost totally recovered from China’s ban has the space has recorded tremendous growth in the last 5 months.
Kazakhstan's President Kassym-Jomart Tokayev suggested building a nuclear plant to support bitcoin mining and offer refuge to migrant crypto miners from China.
To demonstrate its continued hostility towards the crypto industry, China has relieved one of its top officials for supporting crypto mining.
Yes, Bitcoin mining does consume a lot of energy — about 110 terawatt hours per year, the energy equivalent of a small country.
Kazakhstan, being the second most popular city for Bitcoin mining, is battling a looming energy crisis as ousted Bitcoin miners seek shelter in the city to access its cheap electric supply.