The media has reported on the main destinations of mining equipment exported from China
Russia, Kazakhstan, the US, and Canada top the ranking
![The media has reported on the main destinations of mining equipment exported from China](https://storage.getblock.net/source/1/3QbQISjvkETxGLlDBpS0muTHJQPHCpi5.png)
23.11.2021 - 08:30
484
1 min
0
What’s new? The Financial Times has published a study with information on the main destinations of cryptocurrency mining equipment exported from China, following the ban on mining there.
News source on the Financial Times website
Which countries are miners moving to? According to the media reports, most of the devices (more than 1,8 million miners out of a total of 2 million) were imported to Russia. Other popular destinations include Kazakhstan, the US, and Canada.
The large-scale relocation of capacities to other countries continues amid the introduction of a total ban on mining in the Middle Kingdom. According to Vitaly Borschenko, co-founder of the Russian mining host BitCluster, the company has deployed more than 5000 cryptocurrency mining devices in 2 months alone. All the equipment was transported from China.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024