Bitcoin has a Xinjiang problem
March 3, 2021 Influentials like Elon Musk and star stock picker Cathy Woods have helped send bitcoin’s price soaring in recent weeks. But investors weighing the popular cryptocurrency need to consider the ethics surrounding it as well—since a significant portion of it is “mined” in China’s Xinjiang, where Beijing is accused of conducting mass human rights abuses. In cryptocurrency mining, people use enormous power-hungry computers to solve algorithmic puzzles and in return get reward...
Source: qz.com