Bitcoin mining in China's Mongolia to end all mining by April 2021
Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, but China has pledged to achieve carbon neutrality in 2060.
China’s top energy consuming province plans to suspend all new and existing bitcoin mining projects before the end of April, as Inner Mongolia faces mounting pressure to meet its energy-saving targets. There is growing fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice.
China’s top energy consuming province plans to suspend all new and existing bitcoin mining projects before the end of April, as Inner Mongolia faces mounting pressure to meet its energy-saving targets. Inner Mongolia is one of China's popular cryptocurrency mining spots due to low electricity prices.
The new regulation is aimed to cut the emissions per unit of gross domestic product by 3% this year and limit incremental growth of energy consumption to about 5 million tons of standard coal, according to the draft plan.
Newgen to streamline end-to-end lending processes with Mambu
Newgen Software is announcing its partnership with cloud banking platform, Mambu. The part...
UiPath and Amelia bring in a new era of seamless digital experiences for the Future of Work
UiPath and Amelia, the enterprise leader in Trusted AI have announced a partnership that b...
Zoom expands Zoom IQ with a host of new capabilities
Zoom Video Communications has announced the expansion of Zoom IQ, a smart companion that e...
Team Computers along with Microsoft Surface hosts 300 IT leaders
Team Computers has organized an event to showcase how the diverse range of Microsoft Surfa...
Cisco aiming to build a trusted and resilient future for the nation
Daisy Chittilapilly, President, Cisco India & SAARC The US-based te...
Providing multilingual internet crucial to bridge digital divide in India: MeitY Addl Secy
Calling India the right place for Universal Acceptance Day celebrations, Bhuvnesh Kumar, I...
The new wave of start-ups in the country is a testimony to the entrepreneurial temperament of the youth
PHDCCI conducted “Bharat Startup Summit, 2023” The conclave through discussion...