Why China's bitcoin miners are moving to Texas

Bitcoin miners have been forced to leave China due to the country's prohibition on cryptocurrency mining. Many are flocking to Texas, which is rapidly establishing itself as the world's next bitcoin centre.
When China launched a crackdown on bitcoin mining and trade in May, Kevin Pan, the CEO of Chinese cryptocurrency mining firm Poolin, boarded a flight out the following day.
"We made the decision to leave once and for all. We're never going to return, "According to Mr Pan, who spoke to the BBC.
Poolin, based in Hong Kong, is the world's second-largest bitcoin mining network, with the majority of its activities in mainland China. Until the crackdown, which drove the price of bitcoin into a spiral and caught miners off surprise, the nation was home to about 70% of worldwide bitcoin mining capacity.