Chinese Government Could Act on Coal-powered Bitcoin Mining

Reading Time: 2 minutes The Chinese government could take action against coal-powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action against crypto miners The Chinese government could take steps to limit the number of coal-powered Bitcoin mines as the practice threatens to derail the country’s carbon reduction plans. China wants its emissions to peak in 2030, and has plans to be carbon neutral by 2060, but the scale of Bitcoin mining in the country threatens to undermine these plans. The issue was highlighted by a study
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