Quote from: synd66 on March 02, 2021, 03:30:15 PM

An interesting one .

China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears that the country will take more steps to eradicate the power-hungry practice. It also banned new digital coin projects. The region — which
http://lifestyle24.site/chinas-inner-mongolia-has-banned-cryptocurrency/

They should have act like this long time ago because China had been taking advantage of their electricity system.

better to banned crypto than them being abused.

Quote from: jrrsparkles on March 02, 2021, 04:23:46 PM

If we look at the reasons why they ban it to avoid electricity wastage and also they claim that 8% of all bitcoin mining operations are happening in that particular region just because they have cheap electricity fee and misused by the people with the domestic consumption charges.

But look at what they banned "Crypto currency mining operations" not the complete cryptos so better edit the title to appropriate one.

Agreed , The title must be edited and point the proper one and not generally .