Global mining: Where should cryptocurrency miners go in an ever-changing landscape?

<p>Which countries will become the new mining hotspots, and where can Ether and Bitcoin be mined successfully — and profitably — in 2022?</p> <p>One of the major topics of discussion in the crypto community in 2021 was China's strong approach towards mining, which culminated in a September ban on all mining activities.</p> <p>While mining as a financial activity has not disappeared and is unlikely to do so, Chinese cryptocurrency miners were forced to relocate. Many of them relocated to the United States - the world's new mining mecca — while others settled in Scandinavia and neighbouring Kazakhstan, which offers inexpensive electricity.</p> <p>Mining activities cannot remain hidden indefinitely, and governments worldwide have begun to express concern over electricity capacity and disruptions.</p> <p>Erik Thedéen, vice-chair of the European Securities and Markets Authority and general director of the Swedish Financial Supervisory Authority, has urged for a ban on proof-of-work cryptocurrencies such as Bitcoin (BTC) mining in Europe.</p> <p>As countries around the world begin to crack down on mining-related activity, the question becomes, "Where is mining crypto still viable and legal?"</p> <p>North America</p> <p>It's a well-known fact that the United States is the primary country for cryptocurrency mining, notably in the Lone Star State of Texas. Crypto miners and billions of dollars of money flocked into the southern state following the flight from China. This is partly due to state legislation, with Governor Greg Abbott promoting the Bitcoin business aggressively.</p> <p>According to Philip Salter, CEO of crypto mining firm Genesis Digital Assets, the state became a favoured site for miners for several reasons:</p> <p>"At the moment, Texas may be the most prominent site for miners worldwide. Its massive wind and solar energy resources have created a glut of economical energy. Privately controlled electricity networks ensure that new projects can proceed quickly, without being slowed down by bureaucrac