Fantastically written article, very to the point without too much flourish, and very in depth as others have noted. This bit is funny imo: But in late 2019, t

Fantastically written article, very to the point without too much flourish, and very in depth as others have noted. This bit is funny imo: But in late 2019, the National Development and Reform Commission (NDRC) removed mining from a list of activities to be eliminated. Note that the NDRC also oversees the energy industry. Massive amounts of hydropower squandered during flood season is a longstanding issue. The officials are beginning to realize that Bitcoin mining is a highly effective way of transforming excess local capacity into a global digital commodity. One point of view would be that speculation and greed of bitcoin hodl-er fanboys is subsidizing China's renewables industry...