The impact of the pandemic on BTC mining

By KingsOfInvestment_eng on The CapitalThe interest in Bitcoin is growing steadily every year. The impact of the Coronavirus pandemic led to an even greater number of people willing to invest in cryptocurrencies. Interestingly, even the state authorities of some countries have a positive mindset with regard to crypto mining. In early 2020, the government of Uzbekistan announced the creation of a “national mining system.” Canada also had an impact on the worldwide mining industry of Bitcoin. The Hydropower Agency in Quebec allowed the miners who were mining Bitcoin to obtain 300 MW of electricity. Europe is not lagging behind and Ukraine has said that it will not introduce any restrictions on the mining of cryptocurrencies. As early as May 2020, the Minister of Energy in Ukraine proposed to use state energy to mine BTC. This behavior is intended to prevent the waste of excess energy.The impact of the pandemic on BTC mining was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: KingsOfInvestment_eng