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What China’s hydropower consumption parks mean for bitcoin mining

Quick Take

  • 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.

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Asia
Bitcoin
China
Mining

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