News Snapshot:
Image: Hakan Unlu via Twenty20 China’s Inner Mongolia, once a hotbed of bitcoin mining, is now planning to ban all cryptocurrency mining farms and has asked them to shut down operations by the end of next month, forcing miners to move their equipment elsewhere in China or even overseas. The provincial government of Inner Mongolia says it needs to end crypto mining to achieve new carbon-reduction goals set by the national government. Unlike other regions in China that can provide an abundance of clean hydroelectricity for powering crypto mining machines, Inner Mongolia’s crypto farms are run on coal-powered electricity. An...
