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China’s Bitcoin ban led miners to countries uses far less renewable energy

2 pointsby jimmy2020about 3 years ago

1 comment

Glantabout 3 years ago
&gt; We got the answer when an immense coal mine in Xinjiang flooded and shut down over the weekend of April 17–18. The blackout halted no less than one-third of all of Bitcoin&#x27;s global computing power.<p>Does it matter what country mining moved to if the renewable energy in China wasn&#x27;t being used for the majority of mining in the first place?<p><a href="https:&#x2F;&#x2F;fortune.com&#x2F;2021&#x2F;04&#x2F;20&#x2F;bitcoin-mining-coal-china-environment-pollution&#x2F;" rel="nofollow">https:&#x2F;&#x2F;fortune.com&#x2F;2021&#x2F;04&#x2F;20&#x2F;bitcoin-mining-coal-china-env...</a>