Bitcoin mining taiwan

The global chip shortage is disrupting production across a global array of products, including automobiles, laptops and mobile phones.

Demand for rigs has boomed as bitcoin prices soared, said Gordon Chen, co-founder of cryptocurrency asset manager and miner GMR. When milk prices rise, you want more cows. The cryptocurrency surge is affecting who is able to mine. Many of the larger players growing their mining operations are based outside of China, often in North America and the Middle East, said Wayne Zhao, chief operating officer of crypto research company TokenInsight.

Some engineers don't want to depart Taiwan for China, so a front company was seen as the next best thing. Taiwan's talent can still be tapped, and crucial IP exported.

TSMC is aware of this and has pledged major salary increases to remain competitive, but these salaries are still not in line with what Chinese firms are offering. Until TSMC, and other firms in Taiwan, realize that people will naturally be attracted to higher-paying firms expect this trend to continue. By Sam Reynolds.

Mar 9, EST. Share Tweet Submit. The author has no position in any of the stocks mentioned.