Report: Chinese Officials Are Examining Bitcoin Energy Use

Officials in China’s capital of Beijing are conducting examinations of data centers involved in “cryptocurrency mining” to “better understand their impact on energy consumption,” according to a Reuters report.

Although the report refers to cryptocurrency at large, it is well known that China-based companies contribute the majority of bitcoin mining hash rate, controlling over 70% of the network’s total hash rate and consuming a significant amount of energy, according to this map from the Cambridge Bitcoin Electricity Consumption Index.



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