China Tag

Chinese authorities are going to great lengths and trying unconventional methods to catch cryptocurrency mining operations it deems illegal. Recently, a digital contest that promises thousands of dollars in cash prizes gained attention on social media because it includes an algorithm-based resolution that could pinpoint crypto mining activities. The Digital China Innovation Contest, held annually since 2019,

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a