Bitcoin mining becomes more decentralized

Slush Pool's head of business development, Edward Evenson, tweeted that large volumes are currentlymining devices are being moved from China to North America and other regions.

“The owners of mining farms with a capacity of about 300-400 MW asked me to help them settle in North America and Europe. Some choose Kazakhstan ", wrote Evenson.

According to him, miners have long intendedmigrate from the Middle Kingdom to other jurisdictions that are more loyal to their activities. And recent actions by the authorities have only accelerated this procedure. Let us remind you that the State Council of China stated that it is necessary to fight Bitcoin mining and crypto trading. Soon after, Inner Mongolia authorities announced their intention to ban mining after collecting comments from the public.

At the same time, in Sichuan, one of the largest regions in terms of computing power of the Bitcoin network, they decided to study the damage that would be caused to the energy system if mining was banned.

Evenson notes that Chinese minersThey quickly adapted to the changing conditions. Therefore, the hashrate of the Bitcoin network will not fall, but will simply move. As for the news about sales of mining equipment, they mainly affect small participants in this business.

"Good news:hashrate is becoming more decentralized around the world. This alleviates concerns that any one region may have an impact on Bitcoin security. The bad news is that the problems with the centralization of production of mining equipment and the shortage of microcircuits are not being solved.”

Bad News: None really comes to mind. However this does nothing to solve long-standing issues around ASIC manufacture centralization or global chip shortages.

Many are cheering this development but the more serious challenges still remain.

- Edward Evenson (@ WillHash4Coins) May 27, 2021

Evenson also drew attention to the fact that the process of migration of miners to other regions will not be as fast as it seems initially. This procedure will last at least until the end of this year.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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