Relocation Difficult in China for Miners – Bitcoints

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Published on May 15th, 2018 | by bitcoin

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Relocation Difficult in China for Miners

Relocation Difficult in China for Miners

Mining

According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia.
Some operations who still seek out cheaper Chinese electricity tariffs moved to the border towns in Yunnan, but lots of Chinese miners have relocated to other areas in Southeast Asia like South Korea, Vietnam, Cambodia, and Myanmar.
He did the math and found areas in Southeast Asia still offer much cheaper electricity than other countries worldwide.
Additionally, local miners and financial institutions backed by Western countries are also not pleased with Chinese miners relocating to these countries.
What do you think about relocated Chinese miners having issues in other areas of Southeast Asia?

Source: News.bitcoin.com

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