The Sichuan regulatory office of China’s National Energy Administration will hold a virtual symposium on June 2 in Chengdu to discuss the implications of shutting down Bitcoin mining in the province.
Together with the heads of state-run energy entities, the regulators will assess how a potential ban will affect Sichuan's hydropower excess.
Sichuan is known as a major Bitcoin mining hub because of its cheap power. Last August, excessive flooding in the region caused a 25 percent drop in the cryptocurrency's hashrate.
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Sat, 05/22/2021 - 14:47
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Vladislav Sopov
U.Today Editorial Team