China shuts down cryptocurrency mining in Anhui Province

The Chinese government continues to crack down on cryptocurrency mining by suspending cryptocurrency mining operations in another province.

The authorities of Anhui, a small eastern province of China, announced a series of measures to cope with the growing power demand and related power supply shortages in the next three years. Local news agency Hefei Online Report on Wednesday.

As part of Anhui Province’s efforts to curb energy consumption, the province plans to close encrypted mining projects and review new initiatives that require significant energy consumption. Local authorities also plan to adopt new approaches in building data centers and promote electricity tariff reforms to optimize energy use in the province.

China’s Anhui Province was once one of the poorest provinces in China. Remove The official list of poverty-stricken areas in the country in 2020. eighth The most populous province in the country. According to reports, the province’s power grid mainly includes coal-fired power plants in addition to several hydroelectric power generation facilities and wind and solar power plants.

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Some reports indicate that the latest regulatory crackdown in Anhui Province is part of a broader move to shut down all crypto mining operations across the country.

Chinese crypto journalist Colin Wu reported on Wednesday that China’s State Grid Corporation of China has issued a notice to all parts of the country requesting the closure of virtual currency mining. He added: “At present, some provinces with insufficient power in China, such as Henan and Anhui, have also begun to implement it.”

The news came as a series of similar bans in other provinces of China, China launched a major regulatory crackdown on cryptocurrency mining, including Yunnan and Sichuan, One of the largest hydropower mining centers in the country. In recent months, authorities in Xinjiang, Inner Mongolia and Qinghai have also ordered the closure of mining operations.