China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely


  • Bitcoin, the world’s most traded cryptocurrency, is now at around US$5,200, its highest level in four months
An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP
An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP

China’s top economic planning body has proposed new rules that would see the closure of all local cryptocurrency mining facilities if enacted – a move that would potentially end the country’s dominance in the energy-hungry, yet lucrative industry.

The National Development and Reform Commission (NDRC) on Monday

unveiled amendments

to its guidance for adjustments to the nation’s industrial structure, including categories that are encouraged, restricted and eliminated. Cryptocurrency mining was included among sectors to be eliminated immediately. The new list is under public consultation until May 7.

The NDRC did not immediately respond to a request for comment sent via a message board on its website.

Cryptocurrency mining is the process of validating transactions in digital forms of money like bitcoin and ethereum in exchange for new coins given as a reward. The specialised computers used for the mining activity consume large amounts of electricity.

Tiếp tục đọc “China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely”

As China stops solid waste imports, Vietnam fears it could become new dumping ground

China has vowed to stop importing solid waste by 2020, while Vietnam is still fumbling for solutions to control scrap imports.

Chinese agencies on March 28 announced the country’s plan to cut solid waste imports to zero percent by 2020 with an aim of encouraging plants to treat the high amount of domestic waste.

As China stops solid waste imports, Vietnam fears it could become new dumping ground

Tiếp tục đọc “As China stops solid waste imports, Vietnam fears it could become new dumping ground”

Popular Hanoi tourist street

Ta Hien Street in Hanoi Old Quarter which is often called as Pho Tay (Foreigner Street) is busier at night, particularly at the weekend with large numbers of foreigners.

Along the street which is just more than 200 metres long are French-styled old houses.

At night, the street is more exciting with the operation of souvenir shops and street food services. Hanoi beer is among the most popular dishes sold in the street. This is the reason why Ta Hien is also known as Pho Bia (Hanoi beer street). Tiếp tục đọc “Popular Hanoi tourist street”

Top 8 new check-in points in Da Lat for young travelers

Last update 21:37 | 04/04/2019

Da Lat city, located in the central highlands of Lam Dong, boasts a range of beautiful landscapes for young travelers to enjoy. Following is a list of the eight most popular check-in points for young people who are seeking out destinations that have the best photo opportunities.

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Kokoro Café, which recently opened in early February, has been attracting a large number of young people who come to enjoy a drink amid the site’s unique white walls and Japanese style-Koi fish pond Tiếp tục đọc “Top 8 new check-in points in Da Lat for young travelers”

Vietnam seeks foreign capital for renewable energy projects

Last update 16:00 | 10/04/2019
VietNamNet Bridge – Vietnam is trying to develop a renewable power market in the long term, and to do this, it must seek foreign capital.

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By the end of 2018, the total capacity of renewable power projects had accounted for 2.1 percent of total electricity output in Vietnam.

However, Deputy Minister of Industry and Trade Cao Quoc Hung affirmed that developing renewable energy to ease the reliance on traditional power generation methods is one of Vietnam’s priority tasks. Tiếp tục đọc “Vietnam seeks foreign capital for renewable energy projects”

Top destinations with unique names in Vietnam

Last update 07:40 | 05/04/2019

A number of popular destinations in Vietnam have rather unique names. Despite the strangeness of some of the names, they have nonetheless attracted a large number of visitors to a stunning range of breathtaking natural scenery.

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Mua cave can be found in Hoa Lu district in the northern province of Ninh Binh. It has emerged as atop destination for travelers in the northern region Tiếp tục đọc “Top destinations with unique names in Vietnam”

Vietnam embraces opportunities to be renewable viable

Last update 14:29 | 13/04/2019

VietNamNet Bridge – In 2010, Prime Ministry approved the national programme on developing non-fired construction materials by 2020. United Nations Development Programme in Vietnam and Global Environment Fund have supported efforts to reduce pollution by sponsoring the project of “Accelerating production and use of non-fired bricks”. Việt Nam News’s Khoa Thu talks with UNDP Viet Nam Country Director Caitlin Wiesen on how Vietnam can promote green expenditure in the future.

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UNDP Viet Nam Country Director Caitlin Wiesen.

Non-fired bricks are still new to Vietnam’s market. Why have the UNDP and GEF decided to invest in the project and what are major achievements so far?

This is a very important project for the UNDP since non-fired bricks support companies to use waste from fossil fuel and reduce greenhouse gas emissions in a way that can be greener, more effective and healthier for the planet. Tiếp tục đọc “Vietnam embraces opportunities to be renewable viable”

Blooming mulberry season in Hanoi

vietnamnet 15/04/2019   15:26 GMT+7

The last days of March and early April is the busy period for local farmers in the mudflat areas along the Red and Day Rivers, as the mulberry harvest season begins.

In Hiep Thuan commune, Hanoi’s Phuc Tho district, in recent years, local people have transformed their crops from corn and peanuts to mulberry farming which has helped to bring about high economic efficiency.

Phuong’s family is one among many households in Hiep Thuan growing mulberries. In the harvesting season, she has to hire more workers to harvest ripe mulberries. Every day each person can collect around one tonne of berries. Tiếp tục đọc “Blooming mulberry season in Hanoi”