The Chinese Embassy in Angola has cautioned Chinese nationals to halt cryptocurrency mining activities following the enforcement of Angola's law banning such operations, carrying potential prison sentences of 1 to 12 years.
The legislation aims to combat organised mining networks and alleviate strain on the national electrical system.
Despite Angola's energy production capacity, efficient distribution remains a challenge, exacerbated by the energy demands of mining operations.
Meanwhile, Bitcoin's (CRYPTO:BTC) recent halving event, reducing mining rewards, underscores the significance of energy-efficient mining practices in the cryptocurrency landscape.