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10 May 2021

Bitcoin mining in China set for 'stricter supervision' due to carbon concerns

Bitcoin mining in China set for 'stricter supervision' due to carbon concerns


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China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular.

Beijing sent an “emergency notice” to conductchecks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which was reportedly met with some panic in China.

According to Chinese state media PengPai (accessed via translation), the “emergency notice” was routine work for the Beijing Municipal Bureau of Economy and Information Technology, as it seeks to account for a clearer picture of the energy consumption from the mining operations of Beijing-based data centers.

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cointelegraph.com
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