1/ 🧵 Chinese regulators add restrictions on the crypto mining servers. And this is to boost their EV sector. This would be a good direction to help save electricity for their economy usage.
1/ 🧵 Chinese regulators add restrictions on the crypto mining servers. And this is to boost their EV sector. This would be a good direction to help save electricity for their economy usage.
2/ 🧵 China currently has the 111 megawatts of the electricity spend so far from the crypto mining serves. And the govt wants to limit that for freeing up some space for the EV.
3/ 🧵 Regulators wish to reduce the crypto mining servers and this would also push for the proof of stake based coins more market from the chinese exchanges and the regulators.
4/ 🧵 Check out how the chinese regulators add the mining restrictions.
https://inleo.io/@esmeesmith/chinese-regulators-add-crypto-mining-restrictions