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News Forum - Cryptocurrency ban in China fuels Thailand’s mining boom


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China’s recent ban and crackdown on cryptocurrency has fuelled a cryptocurrency mining boom in Thailand as small investors quickly buy up the equipment that are now useless in China. In September, China’s central bank declared all digital currency trading and mining illegal. Some of the largest Bitcoin mining operations in the world relocated while many smaller miners are now selling their equipment – like the Bitmain Antminer SJ19 Pro – and Thai buyers are taking advantage of the opportunity. One Thai entrepreneur spoke with reporters from Al Jazeera and said that those mining cryptocurrency, many running them from their homes, can […]

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