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Yunnan Province in China Expected to Ban Bitcoin Mining

From decrypt.co

Citing a note from BTC.top, a large cryptocurrency mining firm with operations throughout China and North America, Forkast News reports that the Chinese province of Yunnan will soon ban Bitcoin mining. Several prominent miners in China have also announced that they've "lost the Yunnan battleground" in a WeChat group seen by Decrypt. To mine cryptocurrencies like Bitcoin, an enormous amount of energy is needed to keep running large computer farms. These computers work to verify transactions and secure the network. For their work, they are rewarded in the network's native cryptocurrency. It is through this process ... (full story)

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  • Category: Low Impact Breaking News