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Technology@lemmy.ml · 4 years ago

Bitcoin tumbles 11% after China reiterates call for a mining and trading crackdown

www.businessinsider.in

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Bitcoin tumbles 11% after China reiterates call for a mining and trading crackdown

www.businessinsider.in

AgreeableLandscape@lemmy.ml to

Technology@lemmy.ml · 4 years ago

China reportedly said it will act "resolutely" to prevent what it considers social risks stemming from bitcoin activities.

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4 years ago
Bitcoin is given to miners at a constant rate. This means that the incentive to mine and consume energy is directly related to the price of bitcoin.

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