The use of coal, in particular, has drawn attention from the Chinese Government, which is seeking to reduce its carbon footprint. The State Council of China, one of the highest government bodies in the country, instructed local authorities to crack down on
Bury-based Easy Crypto Hunter says enquiries have surged after Elon Musk attacked Bitcoin mining for guzzling energy created by fossil fuels. Mining Bitcoin usually requires a super-powerful, energy-intensive computer, and most mining is done in China where energy costs are far cheaper than here
Bitcoin has seen prices plummet in recent days following condemnation from Tesla CEO Elon Musk over the cryptocurrency’s carbon footprint. The energy usage comes from a process known as mining, which uses powerful computers that require a lot of energy to run.
One said after finding the “Bitcoin mine”: “It’s not what we were expecting. It had all the hallmarks of a cannabis cultivation.” West Midlands officers were tipped off about the farm because of the high usage of electricity thought to be powering
The price of the world’s preeminent cryptocurrency surged today by over $6,000 (£4,245). This renewed bullish sentiment is being encouraged by Elon Musk’s latest tweets promoting cryptocurrencies and his suggestion Tesla would be holding their bitcoin balance with “diamond hands”. Mr Musk