There are growing concerns in the Peopleβs Republic about the effect Bitcoin mining has on power consumption. So much so that the government has outlined proposals this week to restrict mining operations. The move has spurred a digital exodus as mining conglomerates seek friendlier lands. Chinaβs crackdown on cryptocurrencies has widened to miners according to a Bloomberg report. Officials plan to limit the power consumption to the industry and have asked local governments to guide Read More The post Chinaβs Bitcoin Miners Moving to Avoid Clampdown appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/chinas-bitcoin-miners-moving-avoid-clampdown/