Since Sichuan and other provinces halted Bitcoin mining, most of the Bitcoin network hash  have disappeared. Chinese miners are working hard to relocate. However, because the process takes a long time, it has created a great opportunity for many new mining companies and overseas companies. Good timing for profit.

According to analysis by Whit Gibbs, CEO and founder of Bitcoin mining company Compass Mining, miners who continue to mine in the Bitcoin network have achieved higher profitability. This profitability is expected to remain for a long time. The profit margin of miners can be increased by approximately 35%.

Darin Feinstein, founder of North American mining giant Blockcap, said: “In the foreseeable future, the income and profits of mining companies in Western countries will increase. This is an unexpected gift provided by the Bitcoin network, not only in terms of income, but also in terms of power. The Bitcoin network will also be further improved in terms of decentralization and sustainable energy indicators."

Some analysts and mining companies estimate that the Bitcoin mining boom in Western countries may last as long as 15 months, because Bitcoin mining is not a simple process, and the required hardware is difficult to quickly transfer overseas, and relocate Bitcoin The logistics of mining operations can take months or even years to be deployed.

For miners who want to seize this short-term dividend, perhaps consider a global mining platform such as RHY. As a mining platform that has been cultivating in China for many years, RHY has established large-scale mining farms in China, in Eastern Europe, the United States, There are dozens of blockchain data centers in Canada and other countries and regions. It is currently the world's leading blockchain data service provider and has great immunity to power outages. At present, the RHY platform has also launched a 120-day BTC\ETC cloud computing power product, which guarantees computing power without power failure, lower the bar on miners mining.

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