Crypto

Coronavirus Crisis may Shake up Smaller Bitcoin Mining Operations

The future of Bitcoin mining during the coronavirus remains in question. Not all countries deem these operations “essential” or “non-essential”, raising a lot of questions.

Most Bitcoin mining firms appear to be trucking along nicely.

What Comes Next for Bitcoin Mining Operations?

How long that situation will remain in place, is a different matter altogether.

During the coronavirus crisis, it has become apparent that these operations aren’t always essential.

That situation differs greatly from one region to the next, however.

Canada, for example,  still classifies Bitcoin mining farms as “essential businesses“, which is somewhat surprising.

In Argentina, on the other hand, all operations have been forced to shut down in recent weeks.

Related Post

A similar situation has become apparent in other regions across the world.

Thankfully, most Bitcoin mining operations can be run with minimal human interaction.

Remote monitoring for such operations is always an option as well.

That being said, the companies that can remain operational seems to have a bit of an unfair advantage.

That may cause some big shifts in the Bitcoin mining landscape moving forward.

It has been rumored for weeks now that some smaller operations may be forced to merge with others in the very near future. 

As such, it would effectively further centralize Bitcoin mining in general, which is far from ideal.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

5 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

11 hours ago

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…

20 hours ago

While Ethereum Approaches $6K, XYZVerse Prepares for a 16,900% Market Shakeup

As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…

20 hours ago

Four Meme Coins That Might Disappoint and One That Could Deliver Big Gains

Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…

20 hours ago

Winter’s Altcoin Season to Explode: 3 Cryptos Every Trader Should Know!

As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…

20 hours ago