China Bans Bitcoin Mining: Are Chinese-Based Miners Expected to Immigrate Overseas

China’s largest miner has said that he will no longer offer a service where people outside of his company can mine cryptocurrency. This is news from Colin Wu, a reporter on Friday. The government announced that bitcoin mining and trading among other financial risks are to be controlled. Zhuoer notes that the co-mining service only accounts for a small fraction of their computing power. The...

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