The cost of mining bitcoin has drawn the attention of government officials around the world
According to Reuter’s current update, there is an ongoing supervision on the energy investment in crypto mining by Beijing authorities.
Thus, an overview of work operation and power management was sought from the overseers of crypto mining by the Beijing technology and resource management.
There is however, a tint of uncertainty in the report of a Beijing bureaucrat as to the underlying cause prompting this development.
This revelation follows the bounce back of the hash rate of bitcoin on 28th of April after its pathetic deflation few days ago due to great energy suspension.
There have been also several contentions in the recent time as to the power challenges faced in some cities in central Asia which have been leveled against crypto mining. Thus, a rising threat to fold all crypto mining firms by April ending.–an idea to save energy.
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