Sentences with phrase «crackdown on the cryptocurrency mining»

China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy - rich Canadian province an attractive alternative.

As Bloomberg and CnLedger have reported, the Chinese government intends to crackdown on the cryptocurrency mining industry in the upcoming months.

The bitcoin and the cryptocurrency market will likely not be affected by the government's crackdown on cryptocurrency mining in the next few months.

Former Chinese Miners «Flooding» North American Market with Used Hardware China's recent crackdown on cryptocurrency mining is providing North American crypto miners with a chance to get their hands on hard - to - get servers and other hardware, easing a «demand bottleneck,» per Bloomberg.

Not exact matches

China was said to be a dwelling to most of cryptocurrency mining operations before Beijing started discouraging it in 2017 as part of a huge crackdown on Bitcoin and other cryptocurrencies though it is still unclear how much of mining activity has moved offshore or been closed down.

As a result the Chinese government's crackdown on both mining and trading is expect to have minimal impact on the global cryptocurrency industry.