News Snapshot:
Bitcoin mining hub in China to shutdown cryptocurrency operations Updated : March 03, 2021 05:44 PM IST Mining bitcoins consumes about 128.84 terrawatt-hour per year of energy — more than the energy consumed by countries such as Ukraine and Argentina Bitcoin mining consumes more energy than what is consumed by countries such as Ukraine and Argentina CNBCTV18.com share China’s Inner Mongolia region has announced plans to ban new cryptocurrency mining projects and shutdown existing activity to reduce the energy-consuming operation. Mining bitcoins consumes about 128.84 terrawatt-hour per year of energy — more than the energy consumed by countries such as...
