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China extended the minimg ban to sichuan

China extended the minimg ban to sichuan



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5 Comments

  1. Sichuan mining facilities are 100% powered by excess hydroelectric power during the rainy season. Unusual to be so stringent on enforcement by the government.

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    Overall a good development long-term, as this incentivizes miners to leave the country and dilute the hashrate power concentrated in China

  2. tldr; China has ordered the closure of 26 suspected cryptocurrency mining projects in the province of Sichuan. The province is China’s second-biggest bitcoin mining province, according to data compiled by the University of Cambridge. Other regional mining centres including Xinjiang, Inner Mongolia and Yunnan have also ordered crackdowns on bitcoin mining.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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