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Bitcoin Mining Now Seeing Progressive Attitudes From Developed Countries

TokenInsight recently published its annual research report regarding the cryptocurrency mining industry in 2019. The report spoke about how most developed countries today have relatively progressive attitudes towards mining Bitcoin and other cryptocurrencies, as well as what factors affect where mining farms are set up. According to the same,


“Low electricity cost, well-structured legal framework, relatively matured financial markets are the main factors.”


Related Reading: Are Bitcoin Price Predictions a Waste of Time?


The TokenInsight report said that mining farms utilize public infrastructure in a better way by converting abandoned facilities into Bitcoin mining farms. This purportedly creates a more environmental-friendly ecosystem for mining, through leveraging renewable energy sources like solar and wind power. Read More...

Bitcoin Mining on the Increase in Developing Countries
Progressive Attitudes From Developing Countries

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