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.
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.
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.
The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…
The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…
The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…
As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…
Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…
As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…