What China’s hydropower consumption parks mean for bitcoin mining
December 3, 2020, 3:53PM EST · 6 min read
- This year the government of Sichuan — China’s biggest mining hub — seemed to officially embrace bitcoin mining farm operators.
- But competition for profits between power plants, mining farm operators and the government makes the future of this arrangement uncertain.
China's biggest mining hub's new policy to curb hydroelectricity waste officially embraces Bitcoin mining — at a price.
Subscribe to The Block News+ to
Unlock this Feature
Choose Your Plan
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.