Industry experts predict cryptocurrency production will pick up elsewhere as Chinese miners sell off their machines or seek refuge abroad – often in countries with less renewable energy. Reuters
TBILISI/KUALA LUMPUR: China’s sweeping ban on cryptocurrency mining delivered a blow to an industry criticised for its environmental impact, but emissions from the sector could grow as a result unless other countries follow China’s lead, climate and tech experts said.
Bitcoin’s value tumbled last week after China’s central bank urged banks and payment firms in the country to crack down harder on cryptocurrency trading, in the latest tightening of restrictions on the sector by Beijing.
Analysis - China s Bitcoin crackdown sparks fears of dirtier cryptomining
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China s bitcoin crackdown sparks fears of dirtier cryptomining : The Asahi Shimbun
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ANALYSIS-China s bitcoin crackdown sparks fears of dirtier cryptomining Reuters 6 hrs ago Calls for global crackdown after China cryptomining ban Mining set to shift to U.S., Kazakhstan with worse environmental impacts Bitcoin accounts for 0.3% of global electricity consumption
By Umberto Bacchi and Beh Lih Yi
TBILISI/KUALA LUMPUR, June 29 (Thomson Reuters Foundation) - China s sweeping ban on cryptocurrency mining delivered a blow to an industry criticized for its environmental impact, but emissions from the sector could grow as a result unless other countries follow China s lead, climate and tech experts said.
Bitcoin s value tumbled last week after China s central bank urged banks and payment firms in the country to crack down harder on cryptocurrency trading, in the latest tightening of restrictions on the sector by Beijing.
29 June 2021, 3:46 AM | Reuters | @SABCNews
Image: Reuters Bitcoin s value tumbled last week after China s central bank urged banks and payment firms in the country to crack down harder on cryptocurrency trading, in the latest tightening of restrictions on the sector by Beijing.
China’s sweeping ban on cryptocurrency mining delivered a blow to an industry criticised for its environmental impact, but emissions from the sector could grow as a result unless other countries follow China’s lead, climate and tech experts said.
Bitcoin’s value tumbled last week after China’s central bank urged banks and payment firms in the country to crack down harder on cryptocurrency trading, in the latest tightening of restrictions on the sector by Beijing.