China shuts down crypto mining in Anhui province
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province.Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online reported on Wednesday.As part of Anhui’s efforts to curb energy consumption, the province plans to shut down crypto....
Related News
China’s Anhui province has announced that Bitcoin mining in the area will be shutdown, as the country’s crackdowns on crypto miners continue. China’s Anhui Province Plans To Crackdown On Crypto Miners As per a Bloomberg report, China’s series of crackdowns on Bitcoin mining continue as another province, Anhui, joins in. Located in Eastern China, Anhui […]
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining Amid Electricity Shortage The Eastern province of Anhui has joined what’s become a long list of Chinese regions where cryptocurrency miners are no longer welcome. According to media reports, provincial authorities want to....
The Chinese law enforcement cracked down on a Bitcoin mining farm in Bengbu, Anhui province, for illegally allocating a local electric power company's energy source for Bitcoin mining operations. The local police of Bengbu seized ASIC miners and other equipment used to mine the digital currency. Xin’an Evening, a local news publication in China, revealed earlier this month that a family in the Anhui province used home energy sources provided by a local electricity service provider to mine Bitcoin. The digital currency which the family obtained was used to finance the family’s expenditures.....
Authorities in the province say crypto mining is inimical to China's environmental conservation efforts. Hebei, a province in Northern China, is the latest jurisdiction in the country to read the riot act to crypto miners and traders.According to Reuters on Tuesday, the province's cyberspace commission has announced plans to curtail cryptocurrency mining and trading activities in the region.The move is in tandem with a broader anti-crypto policy in China that has seen most of the country's cryptocurrency mining establishment forced to relocate overseas.In a statement by the commission....
With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of earlier national policies being....