Chinese province to cut off Bitcoin miners from hydropower stations
From cointelegraph.com
2021-08-23 11:44:23
Cointelegraph By Arijit Sarkar
Excerpt:
Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining.
A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the power plants have been given until Tuesday, Aug. 24, to delist mining companies from their grid’s “illegal” supply.
After the given deadline, the county reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction.
Additionally, the notice requires hydropower stations to report to China’s National Development and Reform Commission (NDRC) after decommissioning the mining operators from the grid. Using this information, NDRC will help Yingjiang County to step up law enforcement efforts to ensure all illegal supplies of hydropower to…
