China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg
China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg

China’s bitcoin crackdown: mining equipment, and carbon emissions, moving from the mainland to US

  • Beijing has started to crack down on mining due to its heavy reliance on cheap power and related impact on the environment
  • Social media video posted by Chinese logistics company showed it shipping bitcoin mining equipment to the US on behalf of a client

Topic |   Digital currencies
China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg
China is the world’s largest bitcoin miner by hash rate, a measure of total computational power used to support the bitcoin network. Photo: Bloomberg
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