How the China Bitcoin Mining Ban Serves to Silence Crypto Naysayers6

If you visit just about any crypto news publication today, you will see at least one story detailing the recent news that the Chinese government is considering a blanket ban on Bitcoin mining. Perhaps testament to the world superpower’s repeated clampdowns on various aspects of digital currencies (exchanges and ICOs, in recent memory), the price of Bitcoin seems largely unaffected by the news.

What is more interesting than the nation’s potential clampdown, or even the price’s scant acknowledgement of it, is the fact that a ban on Chinese mining for Bitcoin could actually be beneficial to the cryptocurrency. Two of the most commonly repeated critiques of Bitcoin is that mining is too centralised in China and that it relies far too heavily on dirty energy from fossil fuels – a Chinese ban could very well change this.

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