China intends to abandon mining cryptocurrency by 2021.
I saw this in the article:
Quote
It did not stipulate a target date or plan for how to eliminate bitcoin mining, meaning that such activities should be phased out immediately, the document said. The public has until May 7 to comment on the draft.
from where did you get this: " China intends to abandon mining cryptocurrency by 2021 "
How do You think this news will affect the entire industry and what alternative countries can replace this niche?
it is very difficult to say how this news can affect the industry and about the alternative countries, I do not know if there is any country that has the same conditions as China offers, this is because in other countries electricity is a little expensive and environmental laws are more severe. But there is always an alternative to any problem
What is the cost of 1 kilowatt of electricity in your country?
the cost of electricity of my country is very expensive, if to live normally is already suffocating with the current cost of electricity, imagine if someone wanted to do mining in my country? this person would certainly go to bankruptcy in less than two weeks.