The miners of Bitcoin pack their bags: goodbye China, the promised land is Canada

in #bitcoin7 years ago

To escape the "censorship" and to increasingly restrictive measures, numerous "collectives" are moving their seats in the North American country. And we look with interest also to Russia and Iran...

From China to Canada, to escape the "censorship" and continues to undermine, undermine, undermine. Bitcoin "miners" do not give up and to secure a future they migrate to better shores. In fact, he decided to do the Bitmain suitcases , an "organization" to which the main "collectives" of bitcoin in China are responsible.

After moving the regional headquarters in Singapore, the horizon has now widened to the US and especially to Canada. And also the competitor Btc.Top , which is responsible for the third "collective" in the ranking is preparing to baptize a seat in the North American country while ViaBtc already boasts activities in Iceland and America. To discourage the production of Bitcoin, China has decided to move to the strong ways and even plans to limit the energy power of industries, those where are located high amounts of servers and "powerful" computers that can produce money by exploiting the energy at night. Restrictive measures were also announced by South Korea and Israel.

If China seemed to be the ideal destination for miners given the low costs of energy and labor, Canada is not far behind. And we look with interest to Iran and Russia. Even the financial world is increasingly suspicious of Bitcoin and virtual currencies. Merrill Lynch , a subsidiary of Bank of America, has banned its customers and their financial advisers from trading to buy digital currency, highlighting concerns about sustainability and product standards.

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