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Biowatch

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Biowatch

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Tuesday, 03/02/2021 7:10:55 PM

Tuesday, March 02, 2021 7:10:55 PM

Post# of 29304
Inner Mongolia to Shut Down Crypto Mining Industry

https://www.bnnbloomberg.ca/bitcoin-rises-after-china-region-declares-war-on-crypto-mining-1.1570252

https://finance.yahoo.com/news/inner-mongolia-shut-down-crypto-123850691.html

Inner Mongolia is known for inexpensive energy supplies and accounts for 8% of the global bitcoin mining hash rate, according to the Cambridge Centre for Alternative Finance, per the report.

China’s National Development and Reform Commission previously criticized Inner Mongolia for failing to control energy consumption in 2019.
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