China’s 2021 internet sector in 5 snapshots, from tighter regulations to bumpy IPOs and shifting demographics

Source: Tech – South China Morning PostBitcoin mining required so much energy that the sector would rank ninth among China’s 10 biggest carbon-emitting industrial urban centres by 2024, a dubious honour that explains why the Chinese government came down so hard this year to ban the creation of the largest cryptocurrency.The use of energy-sapping computers to solve cryptographic problems to create bitcoin – known as “mining” – is expected to generate 131 million metric tonnes of carbon dioxide by 2024, just behind the coal-mining…Read More

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