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…


Via Bitcoin, Making World a Better Place.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store