A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns
Quick Take
- China’s crackdown on bitcoin mining has led the network’s hash rate to drop by more than 50%.
- But what caused the negative approach? Was it just environmental concerns?
- This timeline maps out how the crackdown developed, while exploring the reasons behind it.
It originally seemed that China’s bitcoin mining crackdown was over environmental concerns. But there’s more to it than that.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.
You can unlock at any time.*
No wallet? No problem. You can set one up for free.
*a 2% locking fee will be added at the time of locking.
