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.

Published by
JP Buntinx

Recent Posts

Smart Traders Pile Into $MOG As Token Continues To Break All-Time Highs

In the ever-dynamic world of cryptocurrency, $MOG has been a standout performer, breaking its previous…

4 hours ago

Tether Treasury Mints 1B USDT As Whales Inject 278.7M Into Crypto Market

Yesterday, the Tether Treasury minted another 1 billion USDT on the Tron Network, marking the…

4 hours ago

Real World Assets In DeFi Reach $3.89 Billion TVL, Marking Major Milestone

As of July 2024, the Total Value Locked (TVL) for Real World Assets (RWA) in…

4 hours ago

Ethena Protocol Surges In Stablecoin Supply And User Adoption

The Ethena protocol has experienced impressive growth in 2024, particularly in the supply of its…

4 hours ago

DeFi Blue Chips Poised For Breakout Despite Record Low Valuations

Despite lagging in 2023, DeFi 1.0 assets are now positioned for a significant breakout. DeFi…

5 hours ago

MOONHOP’s Presale Skyrocket | Shiba Shootout Value | Bonk Investors’ Moves

Best Meme Coin Gainer: MOONHOP's Presale Skyrockets, Attracting Bonk Investors While Shiba Shootout’s Value Soars…

10 hours ago