Sichuan takes lenient stance on bitcoin mining amid national crackdown to deal with rainy season’s excess hydropower

Source: Tech – South China Morning PostOnce the centre of global bitcoin mining, China’s southwestern Sichuan province appears to be dragging its feet on implementing a central government mandate to crack down on the energy-intensive activity as the local government looks to continue reaping the benefits of its excess hydropower.The provincial energy regulator held a meeting last week with power companies, but it did not result in any conclusions about changing existing policies, according to local media Cailianshe. However, mining…Read More

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