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A lot of these places have subsidized energy which is what makes them attractive for crypto mining in the first place. The majority of the crypto revenue is not
by KingMachiavelli 6y ago
A lot of these places have subsidized energy which is what makes them attractive for crypto mining in the first place. The majority of the crypto revenue is not going to be spent in their local economy so its a net negative activity.
The other factor is crypto is a very easy way to launder and move money outside of the government's view so pretty much any government hates it from that perspective.
- nprz 6y ago> crypto is a very easy way to launder and move money outside of the government's view I so often here the complete opposite, that the blockchain is all public and provides no anonymity at all. No one can make up their mind on why they hate crypto.