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China closing much of it’s Bitcoin mining is probably a really good thing for the advancement of Bitcoin that is mined with renewable energy.

Bitcoin Reddit

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It seemed that China was leading the world in mining, but was using coal power for much of it. With China’s coal powered mining ceasing, we may be able to see a quick and significant movement in the percentage of clean energy Bitcoin Mining…. I wonder if we could get above the 70% threshold that Mr Musk set to change the perception of the mining energy draw.

submitted by /u/usamuel
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