China wants to ban Bitcoin mining because it ‘seriously wasted resources’

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The National Development and Reform Commission (NDRC), the country’s chief planning regulator, has unveiled a paper with a proposal to ban Bitcoin mining, saying it has “seriously wasted resources.”Many have already come to Quebec where hydro power is cheap, plentiful and non-polluting, but others have set up shop at dirty coal plants in Australia and elsewhere….An excerpt from Engadget