is inda: sophie lu beijing with more. good to have you with us. how much power does bitcoin mining actually consume? sophie: according to our analysis, bitcoin mining consumption is not as much as some of the numbers floating around in the public's fear. -- public sphere. in china it is about 15.4 terawatts hours. the question i had when i was looking at your story was, why is most of this concentrated in china -- bitcoin mining? and why are regulators suddenly so concerned about this? sophie: there are several different factors. to begin with, bitcoin is a very hot industry in china. as some of their earlier quotes is ais -- indicated, there lot of interest in the market. in addition, a lot of these hardware supply chains, components that go into these theom computers that mine cryptocurrency, much of the supply chain is concentrated in china. therefore, it is easier to set up these large-scale mining facilities. another major factor, they have been undergoing a significant reform period. they have been liberalizing power prices in local regional