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Chinese Officials Fearful Crypto Mining Could Threaten Power Grid During Winter Season

Chinese officials looking to tighten their reins on the cryptocurrency industry have turned their attention toward miners hiding in storage facilities and disguising themselves as data researchers. So reports Bloomberg.

china 156219 640smallOne miner cited in the article said he was able to salvage his operation by moving machines from facility to facility and limiting each spot to 100 machines. China has cracked down on mining operations due to fears the power grid may not be able to handle the winter season. 

Read the full article from Bloomberg.

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