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.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
Happiest Minds included in Now Tech: Robotic Process Automation Services analyst report
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile&r...
Keysight Delivers New IoT Security Assessment Test Software
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advan...
Eightfold AI and Tata Consultancy Services together to Transform Talent Management for Enterprises across the globe
Eightfold AI today announced its partnership with Tata Consultancy Services (TCS), a globa...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Asia-Pacific Women leaders power up for 4th annual Women to held from November 1-5
Hundreds of ambitious women in business will gather virtually at the fourth annual Wo...
India Pavilion at Expo 2020 Dubai to host ‘Space Week’ starting 17th Oct
The India Pavilion at Expo 2020 Dubai today announced the agenda for the upcoming Space We...
FOCUS BANGALORE and NSIC organises virtual conference
FOCUS BANGALORE( Forum of Critical Utility Services) and NSIC ( National Small Industries...
Huawei organizes an Energy Summit themed on Digital Energy, Powering the Low Carbon Era
Huawei has hosted the Energy Summit online, which was held within the framework of HUAWEI...
E- COMMERCE
