China's Sichuan province, its second most popular province for crypto mining, has issued a notice seeking to ban cryptocurrency mining in the region. The notice orders hydroelectricity powerplants to halt investment in cryptocurrency mining activities, and that no new mining activities should be taken up.
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Get PriceSome Sichuan mining facilities were notably rocked by flooding last year, too — it's the name of the game, it seems. Fortunately, the damage appears to have been isolated to a few facilities. Among other things, that means the Bitcoin hash rate hasn't been affected much by the flooding.
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Get Price21.08.2019 · Sichuan has become the center of operations for a number of Bitcoin mining facilities and they have not escaped the destructive weather. 14 BTC & 30,000 Free Spins for every player, only in mBitcasino's Crypto Spring Journey! Play Now! According to Red Li, co-founder of Chinese bitcoin and blockchain media and community 8btc, several bitcoin mining operations were hit by flooding in the ...
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Get PriceThe government authorities in the Chinese region of Sichuan are seeking to prohibit crypto mining in the region entirely. Earlier, a news outlet reported that the Financial Administrative of the Sichuan providence of China issued a notice to its subordinate offices ordering them to guide crypto mining entities to end their mining activities in an orderly manner.
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Get PriceExpectedly, this makes Sichuan an ideal destination for energy-intensive Bitcoin mining operations. Worth noting here is that the province was already hosting a large number of Chinese cryptocurrency mining businesses. By some estimates, it's home to nearly 70 percent of all mining .
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Get PriceThis article was originally published by 8btc and written by Chloe Jiang.. The former director of Bitmain's mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. As he expected, mining farms in Sichuan currently report that the supply of slots for mining equipment has far exceeded the demand.
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