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Why China Is Cracking Down on Bitcoin Mining and What It Could Mean for Other Countries

The annual spring rains bring many changes to southwestern China’s Sichuan province. The rainfall also brings trucks stacked with computers to hydropower dams, where entrepreneurs can tap cheap electricity for mining bitcoin—the arcane process that accumulates the cryptocurrency using huge amounts of computing power to solve equations. “We’re like bees chasing flowers,” Tang Wanlong, chairman of bitcoin mining company Sichuan Duo Technology Co. Ltd, told TIME...
Bitcoin Mining Bitcoin Mining Hinas Government Yang Wanlong Computing Power Cryptocurrency Mining
Source: yahoo.com

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