https://www.youtube.com/watch?v=4hZU7qska34China Uncensored
1.56M subscribers
China declares war on Bitcoin. Inner Mongolia, where a huge amount of bitcoin mining occurs, will be banning it. But the Bitcoin news is part of a broader attempt by the Chinese Communist Party to create a national digital currency that the Party controls.
....
China claims it must crackdown on bitcoin to save the environment and the planet.
Given that a high percentage of cryptocurrency proof of work mining is powered through hydroelectric and green energy. The cost of which helps fund the expansion and development of cleaner non fossil fuel based plants around the world.
Perhaps we can propose an alternative if china is serious about fighting climate change and being Greta Thunberg's proud poster boy.
Chinese companies to build 700 coal plants in and outside ChinaCiting data gleaned from the world’s biggest developers of coal-fired power plants, Urgewald found that of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it. Specifically, that means 700 new coal plants, with most to be built in China, and about a fifth outside the country, according to figures provided by Urgewald and reported by the New York Times:
SIGN UP FOR THE ENERGY DIGEST
Overall, 1,600 coal plants are planned or under construction in 62 countries, said Urgewald, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world’s coal-fired power capacity by 43 per cent.
The fleet of new coal plants would make it virtually impossible to meet the goals set in the Paris climate accord. Electricity generated from fossil fuels such as coal is the biggest single contributor globally to the rise in carbon emissions, which scientists agree is causing the earth’s temperatures to rise.
https://www.mining.com/chinese-companies-build-700-coal-plants-outside-china/ China is known for having 14 out of the top 30 most polluted cities on the planet due to its heavy reliance on coal. In some places the air pollution is so bad, it is claimed that simply living and breathing the air is like smoking two packs of cigarettes a day. Everyday.
I am curious to know what peoples thoughts on these topics are.
Would the environment be better protected by closing bitcoin mining. Or by china replacing its 700 planned coal power plants with cleaner options. What do you think?