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Why China's crypto crackdown is creating 'tremendous' opportunities for miners in other countries, according to industry execs

2 monthes ago   |   By Business Insider

Olga Maltseva/Getty Images
Insider spoke to two bitcoin mining industry executives about the state of the industry after China's crackdown.
The drop in bitcoin's hashrate as a result of the ban has made mining more profitable and easier than ever, Riot Blockchain CEO said.
US mining companies are also facing a flood of demand from Chinese miners looking to house mining operations.
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China has taken a harsh view of the crypto space since the early days of bitcoin. Industry experts say though that June's outright ban on...
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