Mining Operations Offered to India After Mixed Signals from Beijing

Оригинал: https://news.bitcoin.com/mining-operations-offered-to-india-after-mixed-signals-from-beijing/

Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track.

“As China stamps out bitcoin miners, India sees opportunity”, a Mumbai‐based publication speculated, quoting sources from the sector. More than three quarters of the mining hardware have been installed in China, producing 80 percent of the world’s bitcoin supply, while Indian operations account for just 2 percent, according to the DNA daily, published in the financial capital.

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