North American crypto miners prepare to challenge China’s dominance
Cointelegraph
Published Apr 13, 2021 02:07PM ET
Updated Apr 13, 2021 02:20PM ET
Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the worlds hashing power.
These new ventures are acutely aware of the need to minimize minings carbon footprint. In March, when Neptune Digital Assets and Link Global announced they would develop a new five-megawatt Bitcoin mining facility in Alberta, Canada, for instance, Neptune CEO Cale Moodie cited the substantial global pressure to develop sustainable [emphasis added] Bitcoin mining operations around the world adding that the project would be powered by solar, wind and natural gas.
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Written By: Cointelegraph
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