{"id":288132,"date":"2021-04-30T08:18:22","date_gmt":"2021-04-30T12:18:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=288132"},"modified":"2021-04-30T08:18:22","modified_gmt":"2021-04-30T12:18:22","slug":"china-set-to-regulate-bitcoin-mining-over-effects-on-carbon-footprint","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/china-set-to-regulate-bitcoin-mining-over-effects-on-carbon-footprint","title":{"rendered":"China Set to Regulate Bitcoin Mining over Effects on Carbon Footprint"},"content":{"rendered":"

China may be making plans towards increasing regulations in crypto mining<\/a>. This comes after concerns about the effects of Bitcoin mining on the carbon footprint.<\/p>\n

China\u2019s crypto miners may be looking towards strict supervision when mining in the future. This comes after the government is allegedly concerned over the high amounts of energy consumed during Bitcoin mining.<\/p>\n

On April 27, Beijing made an announcement in which it issued a directive for investigation on data centers that are involved in Bitcoin mining and other crypto mining activities. This announcement caused uncertainly in China.<\/p>\n

Not Cause for Alarm<\/h2>\n

However, even with these reports and concerns, prominent Chinese participants in the crypto industry have stated that it is not a cause for alarm. Wu Blockchain, a Twitter analyst for the crypto market in China, has strongly refuted the claims that the Chinese government was only performing an investigation. He added that data centers are not used in Bitcoin mining.<\/p>\n

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This caused some panic in China. However, the Chinese government said it was only conducting an investigation. Data centers are difficult to use for Bitcoin mining, and are mainly used for ETH Filecoin.<\/p>\n

— Wu Blockchain (@WuBlockchain) April 29, 2021<\/a><\/p><\/blockquote>\n