China May Curb Electricity for Bitcoin Miners: Will Prices Tank?

http://ift.tt/14s7npQ to reports, the People's Bank of China (PBOC) outlined a plan to curb “some” bitcoin miner operations in a closed-door meeting on January 3. The plan involves investigating power consumption of bitcoin miners to determine whether their use of free or cheap electricity use has distorted power ...

from Google Alert - Bitcoin http://ift.tt/2CtOhly