Post
Topic
Board Bitcoin Discussion
Re: BTC mining becoming less profitable, many countries not allowing BTC mining
by
Herbert2020
on 17/03/2018, 06:13:05 UTC
I think we all know the fact that BTC mining consumes lot of electricity and many cities/countries are banning Bitcoin mining or charging heavy bills.

what?!!!!
more and more countries are joining bitcoin mining. big companies are starting their ASIC chip manufacturing, and a lot of people are starting to work on creating their mining farm in their country.

here are a couple of news links
https://www.coindesk.com/samsung-is-now-building-bitcoin-mining-chips-report-says/
https://news.bitcoin.com/japanese-internet-giant-gmo-launches-mining-business/
https://news.bitcoin.com/russia-ready-for-migrant-bitcoin-miners-influx/
https://news.bitcoin.com/businessman-buys-two-electric-power-stations-to-do-bitcoin-mining-in-russia/
https://www.slavorum.org/largest-bitcoin-farm-in-russia-earns-millions-of-dollars-each-month-on-a-secret-location/
http://uk.businessinsider.com/canada-quebec-bitcoin-miners-mining-2018-1
https://globalnews.ca/news/3978151/canada-bitcoin-mining-prime-destination/


what you are referring to here is an FUD saying New York banned bitcoin mining, whereas in reality they said the power companies have the authority to charge more from bitcoin miners.
i have no clue who are the idiots who are mining bitcoin in NY where electricity costs are HUGE though! Cheesy