1 sat \ 1 reply \ @03cdf4abc3 OP 21 Jul 2021 freebie \ parent \ on: The Bitcoin Miners banned from China are coming back online in force, bois! bitcoin
Apparently some went to Khazakstan and the US. I'm sure there are other destinations.
I think this is a huge buying opportunity as morons assumed the China miner crackdown and subsequent hash rate dump are somehow bad for Bitcoin. Another short term view getting in the way of the long term. No more "mining is centralized in China" FUD.
https://www.msn.com/en-us/money/markets/how-the-us-became-the-worlds-new-bitcoin-mining-hub/ar-AAMgjBy
https://www.washingtonpost.com/world/asia_pacific/bitcoin-mining-china-crypto-america/2021/06/17/0a39c3a8-c903-11eb-8708-64991f2acf28_story.html
I'm worried the asics are becoming more centralized in control even if they scatter across the globe. Any idea how many are being sold?
reply