Today news
About the same in other media
Crypto mining reportedly rises in Thailand due to Chinese crypto ban
Reading now: 311
Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September.
Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting rid of their crypto mining machines, Al Jazeera reported Wednesday.
“The moment China banned crypto, we were ecstatic,” one Thai-based Bitcoin (BTC) enthusiast and turned miner said.
The miner, who asked to remain anonymous, claimed to have set up a small solar-powered crypto mining unit for about $30,000. “I made it all back in three months,” he said.
Another industry entrepreneur, Pongsakorn Tongtaveenan, started a reseller business for crypto mining
Read more on cointelegraph.comAbout this in other media
Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost cryptonews.com /2 years ago
Crypto Paradigm Enters Citadel, JPMorgan Clients on Bitcoin Price + More News cryptonews.com /2 years ago
Thailand government to clear up crypto tax confusion cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
