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The man shooting the video wears a facemask, rimless glasses and a white hard hat. He is traipsing near the entrance of a warehouse full to the brim with stacks of internet-connected machines sitting idle in half-darkness. As the man turns the camera around to showcase the machines, he says in Mandarin, “This is the stock for you. It hasn’t even started mining bitcoin”. The video, a sales pitch received via text by a cryptocurrency entrepreneur based in Switzerland, is just one of many similar messages that have been flowing out of China over the past two weeks. China has long been the ...

After China banned Bitcoin mining over environmental concerns, Chinese miners are reportedly shifting to North America, while other have their eyes on Europe and Kazakhstan.

How Texas Is Becoming A Mecca For Bitcoin Miners Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas. Author: May 4, 2021 Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas. Texas might seem like an unlikely mecca for large scale bitcoin mining operations. Although energy prices in Texas are relatively cheap — a big draw for miners — the state’s reserve margins are almost nonexistent, as was demonstrated by a recent ice storm that left some homes and busines...