Kazakhstan is becoming a good destination for Chinese miners

After the ban of cryptomining in China, Chinese miners have been looking for alternatives and they must have found a favorable country called Kazakhstan to mine. A company known as Canaan is one of the leading manufacturers of bitcoin mining machine is looking into mining cryptocurrency now. They talked about setting up a mining location in Kazakhstan to help expand their business.

Power supply to Chinese mining firm has been shut off because of the crackdown on crypto mining activities in China. While more miners are looking for crypto-friendly countries, the network hashrate is expected to drop because China controls roughly 65% of bitcoin hashrate.

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