"Bitcoin Halving Prompts US Miners to Export Old Equipment for Overseas Operations"

1 min read
Source: Bitcoinist
"Bitcoin Halving Prompts US Miners to Export Old Equipment for Overseas Operations"
Photo: Bitcoinist
TL;DR Summary

As the Bitcoin halving event approaches, US miners are preparing for reduced rewards by moving older, less efficient mining machines to countries in Africa and South America where energy costs are lower, with Ethiopia emerging as a potential crypto mining hub due to its cheap electricity. The upcoming halving event has influenced the behavior of buyers towards the purchase of old mining machines, with some waiting until after the event to make purchases, assuming prices will drop further.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

86%

55078 words

Want the full story? Read the original article

Read on Bitcoinist