1.0Gizmodo Australiahttps://gizmodo.com.auDharna Noorhttps://gizmodo.com.au/author/dharnanoor-usa/A Chinese Province Could Ban Bitcoin Mining to Cut Down Energy Userich600338<blockquote class="wp-embedded-content" data-secret="zzaNo3sWwU"><a href="https://gizmodo.com.au/2021/03/a-chinese-province-could-ban-bitcoin-mining-to-cut-down-energy-use/">A Chinese Province Could Ban Bitcoin Mining to Cut Down Energy Use</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://gizmodo.com.au/2021/03/a-chinese-province-could-ban-bitcoin-mining-to-cut-down-energy-use/embed/#?secret=zzaNo3sWwU" width="600" height="338" title="“A Chinese Province Could Ban Bitcoin Mining to Cut Down Energy Use” — Gizmodo Australia" data-secret="zzaNo3sWwU" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://gizmodo.com.au/wp-content/uploads/2021/03/04/d8v0kvoda8hristrsv89-scaled.jpg?quality=7525601440Over the past decade, bitcoin has put increasing stress on the largely coal-powered grid of China’s Inner Mongolia. Now, the province is clamping down. Late last week, province officials announced plans to ban all new bitcoin and other cryptocurrency mining ventures and quickly phase out existing activity in order to reduce electricity consumption.