Hashpower Could Migrate From East to West as Global Mining Landscape Changes
Cointelegraph
Published May 30, 2020 03:30PM ET
Updated May 30, 2020 05:00PM ET
Speaking to Cointelegraph, the CEO of Ripple SBI Asia, Adam Traidman, predicted that the mining industry will continue to see hash rate migrate from east to west, asserting that he is already witnessing the transition begin.
“We are seeing a huge interest [from][ wealthy Chinese miners who are paying somewhere on average of $0.03 to $0.05 per kilowatt-hour [...] in Texas at $0.025 and below — in some cases way below,” Traidman stated.
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Written By: Cointelegraph
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