Bitcoinist
2020-04-28 07:38:19

Bitcoin Miners to Thrive Post Halving after Local Chinese Gov’t’s Surprising Move

Ya’an, a Chinese city that contributes 50 percent of the total hash power to the Bitcoin network, offers cheap electricity to miners right ahead of halving. The mountainous region, while awaiting a rainy season, wants to give away its excess electricity to “support the implementation of blockchain industry development,” according to a public guidance document. The move could prompt miners to continue operations despite lower rewards post halving. Ya’an, a city in China’s Sichuan province, […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer