Bloomberg |
Bitcoin Can Drop 50% and China's Miners Will Still Make Money
Bloomberg Electricity demand for bitcoin mining rose to about 20.5 terawatt-hours a year by the end of 2017, according to BNEF. That equates to more than half the 38 terawatt-hours of electricity used annually by the world's biggest miner, BHP Billiton Ltd ... Chinese regulators move to shutter bitcoin mines |
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