Concerns

A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

Quick Take 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. This feature story is available to subscribers of The Block Daily. …

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