The government of the Chinese province of Yunnan has a new plan to support local blockchain development, including a move that could bolster crypto mining infrastructure in the region.
The provincial government published the plan on Friday. It outlines 10 areas that it intends to support relating to blockchain development — for instance by providing state subsidies to startups in the space for rent and talent recruitment.
One notable component of the plan is to “support blockchain new infrastructure construction,” which means accelerating the development of “base-layer blockchain service platforms” as well as “blockchain computing platforms.”
Yunnan, like the adjacent Sichuan province, has abundant hydropower resources that currently power a significant portion of bitcoin’s hash rate — albeit a much smaller portion than produced by the miners housed in Sichuan.
Data from the Cambridge Center for Alternative Finance shows that mining facilities in Yunnan accounted for 5.4% of th

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