Processing pork products at Vinh Anh Food Technology Joint Stock Company, Thuong Tin district (Hanoi). According to Anova Feed Joint Stock Company, on May 24, in the North, the price of live pigs in the whole region ranged from 64,000 to 71,000 VND/kg. In the central region, also recorded from 67,000 to 72,000 VND/kg. In the South, the transaction remained in the range of 67,000 – 69,000 VND/kg. A pig farm owner in Thanh Ba – Phu Tho said that the price of live pigs in the area tends to decrease, currently at about 69,000 VND/kg for grade 1 pigs. If pigs are raised by the people themselves, the price is only from 64,000 to 64,000 VND. 66,000 VND/kg and commented that hog prices may continue to go down due to the slow consumption situation due to the COVID-19 epidemic. While the price of live hog tends to decrease sharply, the price of meat on the market in Hanoi is still quite high. According to the owner of a pork shop in the market in Yen Hoa ward, Cau Giay, Hanoi, the price of delicious pork is currently ranging from 130,000 to 150,000 VND/kg. Specifically, the price of delicious ribs is 150,000 VND / kg, lean shoulder meat is from 140,000 -150,000 VND / kg, pork butt is 130,000 VND / kg, pork leg meat is 140,000 VND / kg… last month. At the supermarket, the price of pork has decreased but is still at a high level of 116,000 – 155,000 VND/kg, even young ribs are still at 200,000 VND/kg. Specifically, lean butt meat is 120,000 VND/kg, lean thigh is 142,000 VND/kg, shoulder lean is 155,000 VND/kg, lean ground is 149,000 VND/kg, shoulder is 116,000 VND/kg…

“Many large mining owners have contacted me to move their rigs to North America, Europe, Kazakhstan,” Edward Evenson, business development manager at mining firm Slush Pool, said on Twitter. Where does the owner of the Chinese coin farm move? According to Mr. Evenson, the large ASIC mining pools in Xinjiang are being moved to other regions in Central Asia. However, many new batches of miners from companies such as Bitmain, MicroBT are moving directly to North America. Bitcoin farm owners in China will have to find new locations to operate, after the country’s government announced a ban on mining. Photo: Bloomberg. This expert said that the coin farmers who contacted him to move out of China own a miner with a total power consumption of up to 400 MW. This is equivalent to the entire electricity consumption of all Bitcoin mining pools in Quebec, Canada. Meanwhile, Dovey Wan, founder of consulting firm Primitive Ventures, said that in addition to Pakistan and Kazakhstan, countries that are near and have policies to attract Chinese businesses, many companies can choose to move machines. dug into Africa because electricity here is very cheap. Michael Saylor, CEO of MicroStrategy, believes that major mining companies in China will gradually move to the US. “I think in the near future most of the mining capacity will be going to the US and some other parts of the world,” Saylor, a frequent crypto advocate, said in an interview with Cointelegraph. CNN . Many Chinese regions such as Inner Mongolia, Xinjiang, and Sichuan are home to large Bitcoin mining factories. Photo: Bloomberg. Before China strongly banned Bitcoin mining, mining in the country accounted for 65% of the global Bitcoin mining capacity. Immediately after the ban, BTC.TOP, which accounts for 2.5% of Bitcoin capacity, announced the cessation of operations in the Chinese territory. According to the Coin Telegraph In the past few years, the region of Quebec, Canada has also become an attractive area for coin ranchers because of cheap electricity and many hydroelectric plants. This is considered a green energy source, with less emissions than thermal power plants. “There are currently about 90 companies in this industry operating in Quebec,” said Jonathan Côté, representative of Hydro-Québec hydroelectric power company. Mr. Evenson assessed that the diversification of the location of coin farmers has taken place in the past, but China’s ban on mining will accelerate this process. China bans mining but still dominates the world coin market One of the most controversial topics of the past few years has been the dominance of mining pools in China over the rest of the world. Many cryptocurrency advocates fear this outperformance will make Bitcoin’s decentralization worthless. China’s ban on Bitcoin mining may create hope that mining capacity will be less concentrated in large Chinese companies. However, experts say that no matter where they move to operate, the mining camps still belong to the Chinese. “Whether registered and operated in another region such as the US, Kazakhstan or Africa, the truth is that the mining pools still belong to Chinese companies. This transition only makes centralized networks difficult. more monitoring,” said Mrs. Dovey Wan. Yusan Zheng, founder and director of fund management company Waterdrip Capital also believes that China’s ban on mining will make it difficult for small companies, and large companies to benefit. “To find new locations for mining camps, companies will have to spend a lot of money. Only large, experienced companies can go through this stage,” said Mr. Yusan Zheng during the meeting. chat of CoinDesk . According to many experts, even if China bans mining, the world’s largest coin farms still belong to the Chinese. Photo: Bloomberg. Centralization has always been a threat to Bitcoin in particular, and all cryptocurrencies operating on the blockchain in general. If all the newly created Bitcoins were in the control of a few large companies, the neutrality and accuracy of the blockchain would be at stake. Inner Mongolia, one of the regions with the most mining camps in China, has recently proposed multiple penalties for miners. According to the proposed bill, telecommunications, Internet, software parks, or even internet companies that mine or provide resources for mining could have their electricity cut off, withdrawn or even confiscated. license revocation. The bill also stipulates that violators will be blacklisted for their social credit scores, meaning they won’t be able to borrow money from banks or use public transportation. Previously, the Inner Mongolia government also announced a hotline for people to call and report cases of illegal mining. Coin Telegraph The ban on Bitcoin mining will bring many benefits to China. The country has both met its climate target and can boost circulation of the digital yuan as cryptocurrencies are banned from trading. Meanwhile, Chinese businesses operating coin farms abroad will still have to pay taxes.

The importance of Chinese mining farms is evident in the accident at a coal mine in Xinjiang. This incident caused nearly a third of the world’s crypto mining network to be interrupted over the weekend. Bitcoin price has also plummeted since April 18 and there is no sign of recovery. The incident caused Bitcoin’s mining capacity to decline According to the Fortune A coal mine in Ho Do Bich district, Xinjiang was overflowed, trapping 21 workers inside on April 11. The workers were then rescued. A week later, the coal mine is still shut down to check the safety of workers, so it is not able to supply enough fuel for power plants in the region. The coal mine incident in Xinjiang left more than 20 workers trapped. Photo: AP. This causes Bitcoin mining farms, which consume huge amounts of electricity, to stop working. At the end of the following week, April 17-18, the capacity of the global Bitcoin network dramatically plummeted. Bitcoin’s difficulty to “mine”, calculated as the total algorithmic capacity (also known as hashrate) of the computers on the network, has dropped sharply from over 160 EH / s to around 130 EH / s. By the morning of April 23, this number was still around 133 EH / s. Before the incident, experts all considered China to play an important role in the Bitcoin mining network. However, the flood showed that almost all the miners in Xinjiang are located in Ho Do Bich district and surrounding areas, depending on the fuel source of the same coal mine. “This accident confirmed the predictions, possibly even confirming that the mining capital in Xinjiang is much smaller than previously thought. It shows China’s dominance in Bitcoin mining. , and concerns about security, “said Alex de Vries, an economist specializing in tracking the use of Bitcoin mining energy. Inner Mongolia, China, has banned Bitcoin mining since May to minimize the environmental impact. Photo: Getty. The incident also showed that the energy source for Bitcoin mining still mainly comes from coal. Not only in China, in many regions in the US such as New York state or Kentucky, mining farm owners also take advantage of old factories to get cheap electricity. This is Bitcoin’s danger to the environment. The bad side of Bitcoin “Carbon footprint”, the term for the amount of CO2 emitted when mining Bitcoin is about to exceed the emissions of the whole country of Australia and greater than the technology giants like Facebook, Google or Microsoft combined. The negative impact on the environment is the ugly face of Bitcoin. In addition to Xinjiang, Bitcoin is also banned from mining in Inner Mongolia, China from May to here because of environmental impact. It is also the region that contributes about 4% of the world’s Bitcoin mining capacity. Of course, there are Bitcoin farms that use renewable energy as well. However, this power source is considered to be unstable, difficult to ensure that it runs 24/7. “Miners often do not like renewable energy because they are difficult to guarantee to run 24 hours a day. Green energy is not suitable for Bitcoin,” said de Vries. Much of Bitcoin is mined on farms in China. Photo: Bloomberg. In the Bitcoin mining game, miners need to take full advantage, because only those who complete the first series of computations will be rewarded with Bitcoin. The number of miners joining the network more and more, so the reward received Bitcoin is less and less. Miners therefore need the machine to run continuously. Mr. de Vries said that about 70% of Bitcoin created using fossil energy, of which the majority is coal. Bitcoin’s price increase almost 6 times in the past 7 months has caused more and more miners to enter the game. The total amount of electricity that the Bitcoin mining network uses is about 2% of the US, and 10% of Russia’s electricity. The numbers all point to Bitcoin’s environmental impact. However, this ugly truth seems to have been ignored by celebrities like Elon Musk in praising Bitcoin.