Graphics processor makers especially found themselves between a rock and a hard place when gamers were unable to buy gaming GPUs
because cryptocurrency mining operations bought out entire stores at a time — leaving gamers with no option but eBay.
Not exact matches
China became a hub of Bitcoin
mining in part
because of cheap hydropower there, but power authorities there also moved to cut off supplies to
cryptocurrency operations last November.
Because it was possible to run large - scale ASIC
mining operations,
mining became a way for a few small groups of people to essentially control the monetary supply of various
cryptocurrencies.
Kong insists that Canaan's decision to launch an IPO outside of China has nothing to do with the country's recent bans on
cryptocurrency mining and trading
operations, but rather
because the listing process takes too long.