Issue #12 Exclusive: China never banned Bitcoin mining

Dear subscriber,

Welcome to The Bitcoin ESG Forecast #012.

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Last time we covered China, we saw that:

1. New hashrate has come into China since the China “ban"

2. Current hashrate in China is ~15% of the global total

3. No off-grid coal-based mining occurs any more.

4. Mining is mostly hydro, much of which is sub-1MW

5. Local provincial govt often actively supports Bitcoin Mining

This month, a more extraordinary reveal: Mining was never banned in China.