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crypto

Crypto Mining Moves Out of China

By
Shai Oster
· · Source: The Wall Street Journal

As China continues to crackdown on energy-burning servers farms minting bitcoin, the miners are moving to places like North America. At one point, roughly 70% of all bitcoin was being produced in China. China had long tolerated the bitcoin mining industry which tapped cheap electricity in coal rich northern China or hydroelectric power in the west even though it had effectively banned...

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