Coal-Based Bitcoin Mining Jumps In Kazakhstan Amid China’s Ban ...Middle East

OILPRICE - Economy
Coal-Based Bitcoin Mining Jumps In Kazakhstan Amid China’s Ban
source : OILPRICE ( Middle East ) () 10
Bitcoin mining continues to rely predominantly on electricity generated from fossil fuels despite the heightened attention to the climate toll of crypto mining. Kazakhstan, where fossil fuels make up nearly all the energy mix, has seen its global share of Bitcoin mining surge in recent months, just ahead of a Chinese crackdown on the mining of the world’s most popular cryptocurrency. The Chinese authorities’ crackdown on crypto mining saw more than 90 percent of China’s Bitcoin mining capacity shut down as of last month. The Chinese…

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