No more cheap electricity for Inner Mongolian crypto miners, officials say
The halcyon days of state subsidized electricity are over. Go to Source Powered by WPeMatico
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Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai
China’s Ant Group is prepping for the largest IPO in history. Go to Source Powered by WPeMatico
Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located … Read more
China’s Communist Party eyes blockchain for ‘decentralizing’ social services
Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms. Go to Source Powered by WPeMatico
China’s consortium chains may not be trusted internationally, says Vitalik Buterin
Ethereum co-founder shares his opinions on China’s blockchain progress and the Blockchain Service Network. Go to Source Powered by WPeMatico
China plans to use its digital yuan at the 2022 Winter Olympic Games
Details about the official launch date still remain murky. Go to Source Powered by WPeMatico
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete … Read more
Huawei and Beijing jointly develop municipal blockchain directory
Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain. Go to Source Powered by WPeMatico
The US is losing the ‘tech cold war,’ warns Ripple co-founder
China can reverse Bitcoin transactions, a Ripple exec said. Go to Source Powered by WPeMatico
Public interest in central bank digital currencies surpasses Bitcoin in 2020
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. Go to Source Powered by WPeMatico