Bitcoin Miners in Sichuan Ordered to Shut Down: Report

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Following a meeting on June 17, The Science and Technology Bureau and the Sichuan Ya’an Energy Bureau notified Bitcoin mining operators that they must shut down by June 25, according to local news outlet PANews. The outlet cited an “insider” as the source of the information. 
Mining refers to the energy-intensive process through which specialized computers earn crypto for verifying transactions on a blockchain network.

An official document seen by local crypto-journalist Colin Wu indicated that 26 mining farms have to shut down. Decrypt has yet to view this document. Power companies also notified miners in the region that they would reportedly be closed until further notice to examine where power was going.

The document identified 26 large mining projects and required to be monitored and shut down. At present, the hashrate of Bitcoin and Ethereum has not fluctuated.
— Wu Blockchain (@WuBlockchain) June 18, 2021

Authorities have also included miners that feed off of cheap hy

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Źródło: https://decrypt.co/73933/bitcoin-miners-sichuan-ordered-shut-down-report

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