Bitcoin dreams dry up in China as country’s last mining refuge falls in line with Beijing amid national crackdown

Source: Tech – South China Morning PostChina’s crackdown on bitcoin has turned dozens of companies from model energy consumers into pariahs in the span of a year, sowing confusion and frustration in an industry that has an outsize share of the world’s cryptocurrency mines.Nine out of 26 bitcoin mines named in a shutdown order last week in southwestern Sichuan province were once feted as model enterprises, helping the landlocked region at the foothills of the Tibetan Plateau soak up its surplus electricity produced by abundant…Read More

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