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RE: China shuts down 8% of the global bitcoin mining supply

in LeoFinance4 years ago

Yes China has much cheaper power, due to their massive hydro-electric power plants. And Inner Mongolia particularly. They have the biggest dams in the world to generate hydro. But the CCP have a reputation of dictatorially usurping control of businesses in their country if they like. So bitcoin mining is by no means safe under the dominion of the CCP. It's just a worst case scenario though.

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Thank you for explaining. Have a great weekend.