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Jun 16, 2021

China cracks down on bitcoin mining. John Iadarola and Jayar Jackson break it down on The Damage Report. 
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Read more here: https://www.cnbc.com/2021/06/15/chinas-bitcoin-miner-exodus-.html
"China has long been home to more than half the world’s bitcoin miners, but now, Beijing wants them out ASAP. 
In May, the government called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.” This exodus is underway now, and it could be a game changer for Texas.
Mining is the energy-intensive process which both creates new coins and maintains a log of all transactions of existing digital tokens."
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New page: The Damage Report With John Iadarola 2021-06-16 - TYT.com