World · Regulation · China ·
World's second-largest Bitcoin mining power restricts rigs in capital city
An Energy Ministry enacted a year-round restriction on Bitcoin mining operations in the capital city to mitigate power capacity shortages. The restriction reflects ongoing grid strain from energy-intensive mining facilities.
Why it matters for the crypto market
Mining restrictions in a major producing region tighten supply of new Bitcoin production and signal government willingness to constrain crypto activity to manage infrastructure demands.
Source: coindesk.com
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