WebChina has been taking various steps to restrict Bitcoin on the way to banning it. Every time they have done so, it has materially affected the price. If you genuinely think that "China clamping down on mining does not and should not affect the price of Bitcoin." WebNov 16, 2024 · Chinese authorities are ramping up a crackdown on crypto mining, calling it an “extremely harmful” practice that threatens to jeopardize the country’s efforts to reduce carbon emissions. The...
Bitcoin falls as China takes aim once again at
Web5.6M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis. WebSep 30, 2024 · Until now, China has been the global leader in Bitcoin mining, with 46% of the global share in April 2024. Unfortunately, since 58% of China's energy comes from coal (and the country uses more coal than the rest of the world combined), a large portion of crypto mining there relies on coal-generated electricity and contributes to global warming ... flxmod control system
Bitcoin falls as China takes aim at
Web9:24am Nov 17, 2024 Chinese authorities are ramping up a crackdown on crypto mining, calling it an "extremely harmful" practice that threatens to jeopardise the country's efforts to reduce carbon emissions. The National Development and Reform Commission spokesperson Meng Wei blasted Bitcoin mining during a press conference today in Beijing. WebNov 16, 2024 · Chinese authorities are ramping up a crackdown on crypto mining, calling it an "extremely harmful" practice that threatens to jeopardize the country's efforts to reduce carbon emissions. Chinese authorities are ramping up a crackdown on crypto mining, calling it an "extremely harmful" practice that threatens to jeopardize the country's efforts ... WebNov 16, 2024 · The National Development and Reform Commission spokesperson Meng Wei blasted bitcoin mining during a press conference Tuesday in Beijing. She said that activity “consumes lots of energy” and “produces lots of carbon emissions.” Meng said that the NDRC — the country’s top economic planner — will launch a “full-scale” clampdown … flx music 24/7