Here’s why mining bitcoin may be about to get a whole lot easier

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  • CNBC Television published this video item, entitled “Here’s why mining bitcoin may be about to get a whole lot easier” – below is their description.

    China’s bitcoin crackdown intensified over the weekend, with authorities in the hydropower-rich Sichuan province ordering crypto miners to shut down operations. According to reports, more than 90% of China’s bitcoin mining capacity is estimated to be shut down. Though it may not be good news for bitcoin miners in China, others could stand to benefit.

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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