Driven by cheap electricity prices and the potential for profit, cryptocurrency miners have expanded their horizons and set up operations in smaller localities across the world. Some residents embrace the potential for an economic boom. But others are starting to push back.
Another Gold Rush?
Nestled right between the Sea of Japan and the Ryohaku Mountains, the city of Fukui is not necessarily a tourist hotspot. But Fukui has started to become known across the world for another reason.
Cheap rental prices and inexpensive electricity have driven cryptocurrency miners to the seaside city. Some residents are hoping more will come set up shop.