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Carbon concerns provoke stricter supervision for China’s bitcoin mining industry

From leaprate.com

As concerns for China’s expanding carbon footprint increase, the country is said to be focussing its attention on crypto mining. Crypto mining operations in China may now be subject to much more watchful supervision in the near future, as its government is beginning to worry about the energy consumption related to the mining of bitcoin in particular. On April 27th this year, Beijing officials issued an emergency notice which detailed that it would be conducting thorough checks on any data hubs which had affiliations with bitcoin and any other crypto mining ventures. This emergency notice was said to have sparked ... (full story)

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  • Category: Fundamental Analysis