Regulators in Yingjiang County, Yunnan, China have issued severe warnings to hydroelectric power plants prohibiting power supply to companies involved in Bitcoin (Bitcoin) Mining.
The nearest one Report Alleged that the Yingjiang County People’s Government Office issued a notice to the hydropower station to strengthen the supervision of Bitcoin mining operations. According to the announcement, the power plant has been required to remove the mining company from the “illegal” supply of its grid by Tuesday, August 24.
According to reports, after the stipulated deadline, the county plans to “forcibly demolish” the electricity supply of Bitcoin mining institutions within its jurisdiction.
In addition, the notice requires hydropower stations to report to China’s National Development and Reform Commission (NDRC) after decommissioning mining operators from the grid. The National Development and Reform Commission will use this information to help Yingjiang County increase law enforcement efforts to ensure that all illegal supply of water and electricity to Bitcoin miners is completely stopped.
According to the report, the Yunnan Provincial Energy Bureau previously claimed that Bitcoin mining companies rely heavily on “unauthorized private power use, evading national transmission and distribution fees, funds, and additional profit violations”.
China’s Guizhou Province recently decided to redirect energy savings Bitcoin mining ban Develop charging infrastructure for electric vehicles.
According to reports, the country plans to Built 4,500 charging stations in the southern provinces By the end of 2021, the infrastructure will eventually be expanded to support a network of 5,500 charging stations by 2023.
As China boycotts cryptocurrency and Bitcoin mining, the country has Global Bitcoin hash rate decreases To 46.04%. Displaced Chinese miners are now seeking asylum in more friendly jurisdictions such as the United States, Kazakhstan And Russia.