A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns
July 5, 2021, 11:26AM EDT · 9 min read
- China’s crackdown on bitcoin mining has led the network’s hash rate to drop by more than 50%.
- But what caused the negative approach? Was it just environmental concerns?
- This timeline maps out how the crackdown developed, while exploring the reasons behind it.
It originally seemed that China’s bitcoin mining crackdown was over environmental concerns. But there’s more to it than that.
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