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Bitcoin mining in northern Chinese province to be halted amid energy-saving push

Summary:
[unable to retrieve full-text content]China’s top energy consuming province plans to suspend all new and existing bitcoin mining projects before the end of April, as Inner Mongolia faces mounting pressure to meet its energy-saving targets.Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, with operations attracted to areas like Inner Mongolia, Sichuan and Xinjiang due to low electricity prices.China has pledged to halt the rise in its carbon emissions before 2030, and it has committed to…

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[unable to retrieve full-text content]
China’s top energy consuming province plans to suspend all new and existing bitcoin mining projects before the end of April, as Inner Mongolia faces mounting pressure to meet its energy-saving targets.Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, with operations attracted to areas like Inner Mongolia, Sichuan and Xinjiang due to low electricity prices.China has pledged to halt the rise in its carbon emissions before 2030, and it has committed to…

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