The top economic body in China has recommended some new rules that would see the government close down all cryptocurrency mining facilities in the country. The top economic body in China has … ( read…
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In China, bitcoin mining moguls are scrambling to survive
China has 70 per cent of the world’s crypto-mining capacity, and over 70 per cent of that capacity is nestled in the mountains of Sichuan, where abundant hydroelectric power makes the price per … (…
China Considers Ban On Cryptocurrency Mining Because It’s A Stupid Waste Of Energy
China’s National Development and Reform Commission (NDRC) published a new paper that includes a proposal to ban the mining of cryptocurrencies like Bitcoin over concerns that crypto mining is a waste … ( read original…