China hosts around 75% of the world’s bitcoin mining capacity—or “hashrate”—due to its established technology supply chains and extremely cheap electricity. Chinese Vice Premier Liu He told a group of finance officials that the government would “clamp down on bitcoin mining and trading activity” to ensure financial stability. Jiang Zhuoer, chief executive of BTC.TOP, which accounts for more than 18% of China’s bitcoin mining hashrate, announced the suspension of his local operations. While most crypto mining operations in China could be considered legal grey areas, some are outright illegal, says Tang. While the price of bitcoin will likely recover from its current slump, it’s unlikely that China’s bitcoin miners will be chasing Sichuan’s spring rains as before.
At Wellness Axis we want to encourage habits of wellness, Increase awareness of factors and resources contributing to well-being, Inspire and empower individuals to take responsibility for their own health, and to support a sense of community. Wellness can be thought of as the quality or state of being in good health.