The Great Bitcoin Mining Migration

3d illustration of bitcoin over circuit background with china flag Beijing told China’s cryptocurrency miners that they have to go. The People’s Republic’s recent crypto ban is not surprising considering the decentral nature of crypto. Qinhai and Xinjiang are two more provinces that added bitcoin mining to their hit list.  This follows an especially harrowing announcement on May 21 by Liu He at the 51st meeting of the State Council on Financial Stability and Development Committee. This reads like it’s straight of a George Orwell novel. The document states: Chinese…