A Bitcoin hotspot in China is banning all cryptocurrency mining to curb energy use


A popular destination for would-be cryptocurrency mining moguls is in the process of banning all mining farms and projects by April. The autonomous Inner Mongolia (Nei Mongol) region of China has reportedly been put on blast due to not minimising its power consumption, and as a result now intends to curb cryptocurrency mining in a bid to reduce its energy use.

All cryptocurrency mining efforts in the region will be shutdown by April, a draft plan posted to the Inner Mongolia Development and Reform Commission details (via BNN Bloomberg).

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