The creation of new hosting facilities has long failed to keep pace with bitcoin mining companies that are feverishly adding equipment to their arsenals. Photo: Reuters
Displaced bitcoin miners thwarted by data centre crunch amid China crackdown
- The hunt for space in bitcoin-friendly data centres has become so frenzied that bounties are being offered for referrals to new homes for displaced miners
- China’s crackdown has taken out a vast number of machines in the global network used to perform the calculations that verify transactions and create new bitcoin
The creation of new hosting facilities has long failed to keep pace with bitcoin mining companies that are feverishly adding equipment to their arsenals. Photo: Reuters
