Page 7 - ஹைவ் ப்ளாக்சைன் தொழில்நுட்பங்கள் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cryptomining firm Canaan slams PRC’s broad crackdown Reuters, SHANGHAI and HONG KONG A major Chinese maker of bitcoin mining machines yesterday argued against an indiscriminate crackdown on cryptocurrency mining in China, saying that the business helps make better use of electricity, and contributes to employment and the local economy. Canaan Inc (嘉楠耘智) chief executive officer Zhang Nangeng (張楠賡) told an earnings conference call that although fossil-fuel powered cryptomining activities hamper Beijing’s greenhouse gas reduction efforts, those powered by clean energy should be spared from the crackdown. “For-profit miners prefer regions with low electricity prices that indicate oversupply, and likely energy waste,” Zhang said. “Bitcoin miners also help create jobs in impoverished regions and contribute to fiscal coffers.”

Inner mongoliaNei mongolSaint hyacintheZhang nangengCanaan incChinese state councilCore scientific incCanada hive blockchain technologies ltdHive blockchain technologies ltdThe taipei timesஉள் மங்கோலியானே மங்கோல்துறவி ஹயசிந்தேகானான் இன்க்சீன நிலை சபைகோர் அறிவியல் இன்க்