Is Latin America an alternative for BTC miners after the shutdown in China?
In the midst of the miners disconnection problem in China, the region could present itself as an option
Mining in Venezuela is promising according to Canaan representative
The fall in the price of cryptoassets has had a significant impact on cryptocurrency mining, with some miners deciding to shut down a certain amount of equipment due to reduced profitability.
Los mineros de Bitcoin chinos desterrados miran a Occidente y más allá
Una lección que los mineros chinos han aprendido de la prohibición: No poner todos los huevos en la misma cesta.
BSL 2021: Which Latin American countries are suitable for Bitcoin mining?
According to Theodoro Toukoumidis, in Latin America, the cheapest country to mine in is Venezuela. "Mining in Venezuela has done very well. The generation of resources injected into the country is visible," he said. And he said that this industry, in the long term, could reach the same level as the oil industry.
Venezuela, Argentina and Paraguay could capture part of the mining exodus from China
Bans against Bitcoin (BTC) mining in China and the exodus of digital miners could open up business opportunities in Latin America.