News+

China's crackdown on bitcoin mining has probably already made the network greener — for now

Quick Take

  • Xinjiang said to have shut down nearly two gigawatts of coal-based bitcoin miners.
  • Sichuan has also ordered some miners to shut down.
  • The global environmental implications for the bitcoin network depend on where China’s miners decide to move.
Following shutdown orders in coal-heavy Xinjiang and hydro-heavy Sichuan, many of China's bitcoin miners are looking for a new home.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

More