Bitcoin Dismantles Its Huge Operations Across China

At the order of the Chinese government, Bitcoin “miners” have dismantled several huge computer centers in China, which is how they “mine” bitcoin. The Economist reported on July 10 that within weeks of the government order in May to stop bitcoin mining in China, “the authorities in four main mining regions—Inner Mongolia, Sichuan, Xinjiang and Yunnan—ordered the closure of local projects. Residents of Inner Mongolia were urged to call a hotline to report anyone flouting the ban. In parts of Sichuan, miners were ordered to clear out computers and demolish buildings housing them overnight. Power suppliers pulled the plug on most of them.”