Alex Brammer, second The president of business development at the US cryptocurrency company Luxor Tech, reports that he was shot by phone calls from Chinese miners within hours of May 21. ” , “he says. “We were making phone calls and the questions being asked were, ‘Can you have 20,000 machines in 14 days?’ For example, his speech to the corporations was shocking. ”
“Obviously, I would say that many, many [miners] have left China, within the next 30 or 60 or 90 days, ”adds Brammer.
Non-Chinese traders may be the first to raise prices, Van Kirk of Kaboomracks says. “We have customers who live in China, but they are Westerners, who want to get power outside of China,” he says. “He’s looking for something in the United States or Canada.”
North America is not alone in being asked for a place to live. Other parts of northern Europe and Latin America are also counted; many, Brammer says, are some Chinese who want to move their business to a “politically stable, multidisciplinary state, with some kind of legal system already established.” But the US, which is already the world’s second largest bitcoin producer, could be a real threat.
This is not to say that moving is easy. Logammer, Brammer says, it is difficult to move thousands of machines from China to the US, especially in the midst of the global epidemic that has caused it. shortage of shipping containers, and a recent trade war that would require any company seeking to transfer goods from China to the US to pay for 25% tax. Even if the mines were dropped off by private jets or cargo ships, setting up new mines in North America would take time. “Some of these [Chinese miners] he comes and says, ‘We want to buy 500 megawatts of power,’ and you have power plants in North America and mining fields that say ‘We don’t have it,’ ”he says. Stuttering. He estimates the time of construction of a large mining farm from the initial 12 to 24 months.
Edward Evenson, director of development development at bitcoin mining company Braiins, is a very sanguine. He also said that the largest miners in the country would only be able to send new machines from Chinese manufacturers, and that they would have the necessary equipment for immediate removal. “Small-scale miners may not have the resources or connections, so they will have to sell their machinery,” Evenson said. “But these big projects are just moving their machines to the right places to set up mines.”
The big question, however, is whether the fearful call will lead to a real journey. In fact, Chinese miners are currently awaiting the next phase of the government. Ian Wittkopp, vice-chancellor of Beijing’s largest company, Sino Global Capital, said: “Chinese miners, who are more tolerant than Westerners, are just waiting to help them.” “Many Chinese miners have experienced similar tragedies in the past. The cost of moving to a new location can be very high, and we hope that many miners wait for a better start before moving. “
This is not the first time China has shaken its hand on bitcoin; but this dictatorship has not yet begun to revolutionize the country. “Every time the price of bitcoin rises, and there is a lot of speculation around it, the government makes one of these announcements,” Evenson said. “They do this every year or every year since 2013.”
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