The struggle of the Chinese authorities with cryptocurrencies and the restrictions imposed by Beijing in this industry will have a positive influence on miners soon and help to earn money on transaction processing.

Since May, the Chinese government has imposed a de facto ban on cryptocurrency mining and operations due to concerns about the environmental influence of equipment and fear of competition from cryptocurrencies for the digital yuan being developed by the People’s Bank of China.

Until recently, China accounted for about 75 percent of the world’s total bitcoin mining capacity. It is expected that 90 percent of them will be moved outside the country.