China widens bitcoin mining crackdown with Hebei campaign

China widens bitcoin mining crackdown with Hebei campaign

Bitcoin mining facilities, such as this one in Inner Mongolia, consume large amounts of computing power and electricity. Photo: Bloomberg China’s bitcoin mining crackdown reaches northern province surrounding Beijing - The cyberspace watchdog of Hebei province announces a clampdown on cryptocurrency mining and trading - Chinese authorities have intensified their scrutiny into cryptocurrency mining this year, after the country vowed to reach carbon neutrality by 2060 Bitcoin mining facilities, such as this one in Inner Mongolia, consume large amounts of computing power and electricity. Photo: Bloomberg
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