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A major Chinese bitcoin mining hub is shutting down its cryptocurrency operations Bitcoin mining consumes an estimated 128.84 terrawatt-hour per year of energy, more than entire countries such as Ukraine and Argentina. Inner Mongolia alone accounts for around 8% of all bitcoin mining globally, more than the United States which accounts for 7.2%. China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on the energy-consuming operation. With that I think that new more modern protocols like Proof-Of-Stake (PoS) will be push in front and take over. What do you think, do you see a future for crypto mining? #Leofinance

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