Thailand Sees PoW Mining Surge As China Ban Lingers On
Because the popular proverb saying goes, one man’s meals are another man’s poison, exactly the same could be stated of crypto mining that is largely increasing in Thailand amongst the persistent ban on related activities in China.
Based on a unique report by Al Jazeera, small entrepreneurs in Thailand, and neighbouring countries are benefiting from the crash within the cost of mining machines to fuel the interests of local miners in the area.
Citing a nearby Thai entrepreneur, Pongsakorn Tongtaveenan, china ban caused the cost of mining machine, Bitmain’s Antminer SJ19 Pro, to plunge by almost 30 %. This slump not just just produced a company chance for Pongsakorn, it particularly afforded many local operators to get hold of the machines in a relative discount.
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