Second-hand hydroelectric power plants with installed capacity of roughly 50 megawatts are being actively sold in China following the government’s clampdown on the mining industry, South China Morning Post reports.
One seller claims that it’s possible to stealthily mine Bitcoin if you purchase one:
You can secretly mine cryptocurrency if you buy a hydropower station.
Alex DovbnyaSome ads published on local e-commerce platforms are reportedly unrelated to crypto.
Earlier this month, Sichuan’s electricity companies were ordered to stop supplying power to mining operations despite the region's abundant hydropower.
As reported by U.Today, Bitcoin’s hashrate has now dropped over 70 percent from its peak due to 90 percent of Chinese miners leaving the industry.
@u.today Chinese miners might have found a way to secretly mine ##Bitcoin despite the crackdown ##BTC ##crypto ##cryptonews ##China ##cryptomining ##BTCmining
♬ original sound - U.Today
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov