For the longest time, China has commanded more and more of the Bitcoin Hashrate, at one point commanding over 60% of the Bitcoin network. But now the Communist party has changed tactics and has made all crypto mining illegal. Did the Chinese Communist Party just make a BLUNDER that could put America back in the running for Bitcoin Mining dominance? Or are they positioning themselves to gain more ground elsewhere?
Today I will examine how America and the rest of the Western world can take advantage of China banning crypto mining and what it could mean for the prices of Bitcoin and Ethereum. Is American Bitcoin mining about to take off?
0:00 Intro
1:16 Saving habits
1:50 Mining in China and US
3:59 Mining in the USA during pandemic
6:14 Best places for mining in the USA
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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