Miners from China could face strict controls in terms of energy use

Because of low power costs, China has been the cryptocurrency mining heaven, but things are changing lately. Authorities banned cryptocurrency exchange last year, but they’ve recently noted activity in alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading. Up until last year, China was the most active market for bitcoin trading on exchanges, with some of the biggest bitcoin miners. A ban on ICOs and cryptocurrency exchanges last year has made for harsh environment for virtual currency in the country. Nevertheless mining operations continue, but if these regulations are enforced, operators could face strict controls in terms of energy use.




Please enter your comment!
Please enter your name here