Cryptocurrency mining in Thailand has reportedly received a massive boost due to the cryptocurrency ban in China earlier this year.

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After China’s crypto ban was enforced in September, Thai entrepreneurs and cryptocurrency businesses quickly bought all the computer processors needed to mine Bitcoin being sold by Chinese miners.

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An industry entrepreneur, Pongsakorn Tongtaveenan, recently started a reseller business for crypto mining devices in Thailand, and so far, it has been extremely successful.

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Pongsakorn believes retail crypto mining in Thailand is becoming more popular due to people looking for a stable income during the pandemic. Investors have also been getting more optimistic about the future of cryptocurrency and other digital assets.

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