BitRiver crisis: Will global Hashrate shift to safer areas?
Hello everyone, the difficulties faced by BitRiver – the largest coin mining company in Russia – may sound bad, but looking at it positively, this is an opportunity for global Hashrate (mining speed) to be redistributed in a healthier way. That's how it is, the collapse of opaque entities will pave the way for reputable and legally compliant coin mining companies in more stable regions such as North America or the Middle East to capture market share.
BitRiver being sanctioned and facing financial troubles will cause institutional investors to withdraw their funds, pushing capital to seek safer trading and mining platforms. In fact, when a "shark" leaves the game, the difficulty of mining coins may slightly decrease in the short term, benefiting those small miners who are persistently supporting the network. The cryptocurrency market always has a very strong self-cleaning mechanism. Businesses that cannot withstand legal storms will be replaced by new, more transparent financial "civilizations." Stay confident, because Bitcoin's mining infrastructure remains extremely strong despite any entity falling. $BTC
