Bitcoin (available on Coinbase) (BTC) mining operations are becoming more and more popular. Only a few years ago, Bitcoin (available on Coinbase) mining was taking place on a home computer. NowADAys, entire companies are being built around the idea. Enormous mining farms are being established and are filled with top-of-the-range processors and graphics cards to earn as many coins as possible. Unfortunately, this comes with a downside.
China has caused much disruption to the cryptocurrency market in the past few weeks as it begins to crack down on mining operations that are consuming too much of the country’s power. In addition, the enormous energy consumption involved is beginning to cause environmental concerns. Clearly, miners are going to have to stop and think about how to go forward with their operations. Starting with relocation.