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Squeeze on Bitcoin: China Province Sets Up Hotline to Tattle on Crypto Miners


Squeeze on Bitcoin: China Province Sets Up Hotline to Tattle on Crypto Miners [u]
May 21, 2021 @ 11:04 am By JD Alois
Multiple reports are indicating that China continues to put the squeeze on cryptocurrency. Long ago, China officially halted crypto trading but the country has long been home to many crypto miners. In fact, according to the
Cambridge Centre of Alternative Finance (CCAF)
Bitcoin Mining Map, China controls a whopping 65% of Bitcoin mining as of April. Earlier this year, China accounted for over 70% of Bitcoin mining. The United States is a distant second at just 7.24%.
CCAF notes that Bitcoin mining utilizes about 123.77 TWh per year – about the same amount as the country of Norway. ....

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The Bitcoin Energy Debate: Lessons from the Data Center Industry


The Bitcoin Energy Debate: Lessons from the Data Center Industry
Some of the more than 4,000 cryptocurrency ASIC miners in Riot Blockchain mining facility. (Image: PRNewsfoto/Riot Blockchain, Inc.)
There’s a vigorous debate underway about the environmental impact of Bitcoin, featuring strong opinions from both critics and defenders of cryptocurrency mining.
We’ve seen this debate before, and we know how it probably ends. The data center industry faced similar critiques in 2010-11, when its use of coal-powered energy came under fire from Greenpeace and The New York Times.
Ten years later, the data center industry is the largest user of renewable energy on the planet. Cloud computing platforms from Google, Microsoft, Facebook and Amazon Web Services are among the biggest buyers of wind and solar energy, followed closely by data center service providers Equinix, Switch, QTS Data Centers and Digital Realty. ....

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