China's crackdown on bitcoin mining has probably already made the network greener — for now
June 18, 2021, 4:13PM EDT · 4 min read
- 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.
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