Tag: china crypto mining

Chinese BTC Miners Ordered To Cut Down On Electricity Consumption

The Chinese government is beginning to worry about the excessive electricity consumption that cryptocurrency mining generates. According to a local news outlet, Bitcoin (BTC)...

China Confiscates Almost 7,000 ASICs From Illegal Crypto Miners

As part of its strong policy against illegal mining operations, the Chinese authorities have sized almost 7,000 crypto mining machines that were illegally consuming...
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