/Bitcoin Can Drop 50% and China's Miners Will Still Make Money

Bitcoin Can Drop 50% and China's Miners Will Still Make Money



Bitcoin’s 1,400 percent surge last year saw greater demand for electricity to run the computers used in the cryptocurrency’s mining. About three-quarters of those machines ended up in China, the world’s largest electricity user, which is now seeking to discourage the practice given a surge in power use inĀ …

Source: Bitcoin Can Drop 50% and China’s Miners Will Still Make Money