https://motherboard.vice.com/en_us/article/7xgzpy/cryptocurrency-mining-up-for-elimination-in-china-for-being-wasteful-and-backward

The lucrative cryptocurrency mining industry is being considered for elimination in China along with numerous sectors and production processes deemed wasteful and “backward.”

As reported by the South China Morning Post, the National Development and Reform Commission (NDRC)—a vast agency that plans the Chinese economy—announced on Monday the start of a public comment period regarding which technologies, products, and processes should be encouraged, restricted, or eliminated entirely in the country. As Bloomberg pointed out, cryptocurrency mining appears on a recent list of industries being considered for elimination.