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Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Post author:MiamiCrypto
Post published:May 8, 2023
Post category:Bitcoin consumption Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency Electricity hashrate Kazakhstan Migration Miners Mining mining destination mining hotspot power capacity relocation Russia russian U.S.

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe.…

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

Post author:MiamiCrypto
Post published:February 26, 2022
Post category:Bitcoin Carbon Carbon Footprint China Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency Electricity emissions Energy EU Europe fossil fuels Kazakhstan Migration Miners Mining natural gas power relocation renewable renewables Research study Sweden U.S.

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are…