Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms.
Small-scale hydroelectric plants in China are reportedly looking for new customers as crypto miners go abroad amid a nationwide crackdown on mining activity.According to the South China Morning Post (SCMP), advertisements for small-scale hydro plants with 50-megawatt capacity have surged on Chinese secondhand e-commerce platforms like Xianyu. According to the SCMP, some sellers claimed that their listings were unrelated to the cryptocurrency mining industry, while others said that their bids came as a result of the recent crackdown on crypto mining. One seller reportedly said that small dams rely on crypto miners for a customer base because they have not obtained approval from state authorities and environmental protection agencies to connect to the power grid. “You can secretly mine cryptocurrency if you buy
Źródło: https://cointelegraph.com/news/chinese-hydropower-plants-on-sale-as-crypto-miners-move-abroad
