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RE: Daily Crypto Markets Live Blog: Happy Bitcoin Legal Tender Day (09/07/21)

in LeoFinance3 years ago

Chinese investors are looking at Paraguay for Bitcoin production.

After the Chinese exodus, many investors are looking for other locations to set up mining operations and Paraguay is a strong candidate as it has a considerable surplus of renewable energy.

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That is great. There is speculation that Texas is going to benefit.

I also posted an article that cited Bitcoin mining going to Vietnam.

I guess there are a lot of contenders.

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Yea there is. I feel like only China is losing out since they kicked out the miners.

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Well that is a smart move. I don't see any reason for these companies to go where energy is cheap (either by using resources there or tax cuts).

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