Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration
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Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New Energy Finance.China is said to be planning to limit power use by miners, which are starting to look elsewhere.Electricity demand for bitcoin mining rose to about 20.5 terawatt-hours a year by the end of 2017, according to BNEF.If China does make good on its plan to restrict bitcoin miners' power use, they could move to new regions quite easily, Lu wrote.
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