Chinese Bitcoin mining companies that close
Recently F2Pool, which is one of the largest bitcoin mining wells reported for the closure of 800,000 miners, is selling them 'Kilos'.
The hascoin bitcoin has fallen from 61.8 million hash tera in late August to a minimum of 36.7 million hash of tera which lately seems very drastic.
Russian miners sell their equipment despite low electricity costs
In Russia, news is coming that domestic miners will not be surprised, even in regions where electricity is super cheap. Miners are now trying to sell their old hardware instead of staying in the bitcoin mining game.
Sweden Attract mining companies in Bitcoin
After Norway has decided to end energy subsidies to bitcoin miners, which results in a massive increase in electricity tariffs in the region since 2019. In response to this news, Sweden is opening its doors to wave of refugee miners. The Swedish municipality of Boden, which already has 10 different bitcoin mining companies located in the region, plans to see soon a wave of bitcoin miners entering their region. The director of the local business agency said that the bitcoin mining companies of Norway have already started to inquire about the Bodan facilities and have said that Bodan will be very happy to see them.
Paraguay to support Bitcoin Mining Project & # 39; Golden Goose & # 39;
The Vice President of Paraguay has declared his support for what is called the Golden Goose project. This would see the South Korean Blockchain Foundation building 5 farms on the state-owned land of Paraguay. The data center will be located next to Itaipu Hydro Dam. This hydroelectric dam has produced the highest amount of energy from any hydroelectric dam in the world. The current energy production of the dam is quite high based on demand in the local area and therefore will be able to offer an exceptional collaboration with the cryptographic miners who want to build the biggest bitcoin mine right next to the dam . This is only an idea at the moment since the construction or any other type of work has not yet been started in accordance with the project.
The great Bitcoin mining company opens in Armenia
In Armenia, a new $ 50 million mining company has been opened and supported by the Multi Group Concern real estate company. They are starting with 3000 machines and are about to procure and upgrade another 120,000 bitcoin mining machines. This will put Armenia on the bitcoin world map.
So the bitcoin crash is not killing the mining industry and even if the price falls even further below the $ 2000 range as expected by analysts, there will be new models of incoming bitcoin mining machines that will consume very low levels of electricity and will hold the mining sector successfully running.