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World China Says Bitcoin Is Wasteful. Now It Wants to Ban Mining – Wired


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China’s bitcoin miners have long embodied a contradiction. Cryptocurrency trading is illegal in the country; initial coin offerings, used to fund new blockchain projects, are banned; and Chinese banks can hardly touch the stuff.

And yet somehow the country has remained the epicenter of global cryptocurrency mining, home to …

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Read more via Wired – http://bit.ly/2UIu7R6

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