China cryptocurrency miners plot next moves to evade crackdown Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
A worker adjusts cryptocurrency mining rigs at a facility in Dujiangyan, in China s southwestern Sichuan province. | AFP-JIJI
Bloomberg Jul 23, 2021
The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference.
But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They’re looking for ways to stay in cryptocurrency, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing.