Issue #12 Exclusive: China never banned Bitcoin mining
Dear subscriber,
Welcome to The Bitcoin ESG Forecast #012.
Last time we covered China, we saw that:
New hashrate has come into China since the China “ban"
Current hashrate in China is ~15% of the global total
No off-grid coal-based mining occurs any more.
Mining is mostly hydro, much of which is sub-1MW
Local provincial govt often actively supports Bitcoin Mining
This month, a more extraordinary reveal: Mining was never banned in China.