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Interest in Mining Declining in Japan

In Japan, interest in cryptocurrency mining has started to show a decreasing trend.. In the country, where the energy prices are neither too cheap nor too expensive, although the number of crypto money holders is not very preferred among Asian countries for cryptocurrency mining, the number of people mining cryptocurrencies due to the decreasing mining incomes in the country has been on the rise recently.

There is not only one reason behind the recent downward trend in cryptocurrency mining in the country, but more than one reason. , they state that the number of miners has decreased tremendously due to the fact that the amounts they earn from mining are no longer profitable. because one of the countries e Compared to Japan, there are more miners and more cryptocurrencies are produced.

Decrease in mining income is the biggest problem

According to Japanese cryptocurrency miners, who see the decrease in mining income as the biggest problem , they say that unless energy is free, the return on mining Bitcoin or other cryptocurrencies has been low lately and they do not need to spend additional time dealing with it.. They state that there were periods when Bitcoin mining was highly preferred in the country, while video cards and mining devices were sold a lot a while ago, these devices are no longer sold and are in the hands of many people. He states that they continue to hold mining devices instead of selling them due to their income, and that they will be able to mine cryptocurrencies again in the future.

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