Following China’s crackdown is the surge of bitcoin mining in Thailand. Thai investors obtained and operated mining rigs and currently earn between $30 to $40 each day.
Chinese Crackdown’s Impact on Mining Rig Prices
Last year, Thailand’s number of bitcoin miners burgeoned following China’s crackdown on bitcoin mining. The shutdown compelled major players in the crypto industry to terminate or relocate their equipment to more crypto regulation-friendly countries.
Several smaller investors acquired mining gear from the China-based miners because of the low price. Each new machine costs over $13,000, but despite the price, the demand continues to flourish.
Thai businessman Pongsakorn Tongtaveenan buys Antminer SJ19 Pro from Chinese miners and then sells it…
