Lebit Mining planea cambiar China a Norteamérica
The company, which is one of the top miners of the People's Republic of China, in response to the increasing regulation by the authorities announced its intention to move to North America
According to the representative of Lebit Mining, they no longer intend to invest in business development in China, as the country's authorities are tightening measures to combat mining. Implementing such a policy, China is moving from large-scale mining to home mining.
However, according to Jiang Joer, even if 50% of China's mining capacity fails, the Bitcoin blockchain will continue its work. Just the championship will get European and American pools.
Judging from the statements of the authorities, large mining farms in the country will be closed, but the equipment will not be confiscated. Chinese pools will need time to relocate their equipment to Europe or the United States.
Despite the fact that the cost of opening and maintaining a business abroad will be 10 times higher than in China, the representative of Lebit Mining looks positively to the future.
Note that along with negative reviews about the situation with mining in China, there are also a lot of positive messages. Bitcoin proponents see this as an excellent opportunity to decentralize the hashrate.
China is the bitcoin bears biggest friend: as long as bitcoin can be mined in China it is "dirty"— zerohedge (@zerohedge) May 21, 2021
Once China bans bitcoin mining there, the anti-ESG case collapse
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