Bitcoin Miners to Thrive Post Halving after Local Chinese Gov’t’s Surprising Move

Ya’an, a Chinese city that contributes 50 percent of the total hash power to the Bitcoin network, offers cheap electricity to miners right ahead of halving. The mountainous region, while awaiting a rainy season, wants to give away its excess electricity to “support the implementation of blockchain industry development,” according to a public guidance document. The move could prompt miners to continue operations despite lower rewards post halving. Ya’an, a city in China’s Sichuan province, […]

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Author: toutiao