The last month witnessed a series of Chinese risk warnings on Bitcoin mining for the goals of “carbon neutrality” and “peak carbon”. That triggers a “mining farm kick out”, with large mining farms emptied, massive mainframe shut down, and miners forced abroad. The rapid plunge in the hashrate is shattering China’s position as the global cryptocurrency mining center.

Some countries have also followed suit by issuing crackdown policies like China. One big factor is the energy consumed by Bitcoin mining and a series of potential disasters that may hit as Earth continues to warm up. Worldwide, 139.86 Twh of energy…

ViaBTC

Via Bitcoin, Making World a Better Place.

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