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13 May 2021

Bitcoin miners in China receive 'emergency notice' amidst energy concerns

Bitcoin miners in China receive 'emergency notice' amidst energy concerns


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According to the sources and a document seen by the outlet, the bureau is asking big data centers—including the three largest telecom operators in China—to disclose whether they are involved in the mining of Bitcoin or other cryptocurrencies.

While the exact reason for this probe is unclear, it is possible that Beijing’s latest initiative partly has something to do with the recent energy emergency in the Xinjiang province, which houses roughly 80% of China’s cryptocurrency mining farms.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
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