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Bitcoin mining in northern Chinese province to be halted amid energy-saving push

Bitcoin mining in northern Chinese province to be halted amid energy-saving push



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12 Comments

  1. Common people are paying the price for BTC energy consumption in the third world countries. I’m an Iranian and here is the same. Governments use electricity to mine bitcoin, and common people are pushed aside.

  2. So what…they shut some down, then as less miners exist the network adapts and decreases the algorithm difficulty. So we have less miners and in turn use less energy but maintain performance. It’s like the Alaskan gold rush now, everyone floods in to try and get some $$$$

  3. This is pure propaganda.

    There are no doubt some smaller energy markets where people are getting screwed due to mining greed…but that’s anecdotal. In China in particular, miners largely use green energy, and surplus energy, and there’s a built-in rising incentive to move to these sources.

    Still, this could have an overall positive effect on enhancing the decentralization of the bitcoin network.

    It won’t do a damn thing to reduce carbon emissions.

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