Mining questions included in geography exam tickets in China

06/09/2020

Lena Dzhess

In China, preparation materialsschoolchildren to enter universities are supplemented with questions about mining farms for the extraction of bitcoin.This is written byCoinNess.

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The screenshot provides a preliminary version of the exam on geography.Tell:

• Why mining farms change location during the year;
• why miners buy electricity from hydroelectric power plants in Sichuan province;
• and what explains the authorities' desire to curb the development of the crypto industry.

A Twitter user under the nickname dark pill posted answers to exam questions showing the number of points for each of them.

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Answering the last question, among the negativefactors for the development of bitcoin in China, he called the volatility of the cryptocurrency, high energy consumption for mining and the potential threat of fires due to the large amount of heat generated.

China's Sichuan province attracts mining companies due to the low cost of electricity. Now there are concentrated capacities that produce 70% of all bitcoins in the world.

As a reminder, since 2019, questions about cryptocurrencies and blockchain have been included in the exam tickets of the CFA Institute, an international organization in the field of training financial analysts.