Russia, Venezuela and Paraguay benefit from the exodus of Chinese cryptocurrency miners -newspaper

RIO DE JANEIRO, BRAZIL – China triggered a veritable exodus of cryptocurrency mining machines, first and foremost to the United States, Canada, Kazakhstan, and Russia, but also countries such as Venezuela and Paraguay for more obsolete equipment writes Financial Times.

Since Beijing launched a campaign against bitcoin last May, 14 of the world’s largest cryptocurrency miners relocated more than two million pieces of equipment to other countries, mainly the US, Canada, Kazakhstan, and Russia.…

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