1. After Inner Mongolia and Qinghai, Sichuan province, which is home to many cryptocurrency mines due to its abundant water resources, has also begun to retire its cryptocurrency mining program. This is despite the fact that it was once thought that the cleaner hydroelectric model would "spare" Sichuan. The first financial reporter obtained a new document entitled "Sichuan Development and Reform Commission, Sichuan Energy Bureau on the cleanup and shutdown of virtual currency 'mining' project notice" shows that the requirements to complete the key object screening shutdown, the State Grid Sichuan Electric Power Company has been investigated and reported 26 virtual currency mining projects. Reported 26 virtual currency "mining" project, in June 20 before the completion of the screening clean-up shutdown work. At the same time, the requirement to carry out self-check and self-correction of power generation enterprises, and required to do a comprehensive cleanup and investigation, before June 25, respectively, will be self-checked cleanup and rectification and cleanup and shutdown of the situation reported. Two miners also told reporters that some large-scale mining has been shut down, although they are currently in the Sichuan mine has not yet been affected, but the shutdown may only be a matter of time. At present, the price of graphics cards and the overall arithmetic power in China has fallen sharply, the follow-up bitcoin will go where?
2. As China itself has been tight on electricity this year, it's not surprising that mining activities in Inner Mongolia and Xinjiang, which are dominated by thermal power and are more polluting, have been called off. But more recently, the ban has reached Sichuan, which is rich in water resources and dominated by clean-energy generation. This was not the case in the past. A virtual currency "miner" told this reporter, "because Sichuan is rich in water resources, do not use it will be a waste, in the past in Sichuan, in fact, there are mining local poverty alleviation said." The situation changed just over a month ago.From May 18, the first three associations issued a notice to prevent the risk of virtual currency trading speculation; followed by the Inner Mongolia Development and Reform Commission issued a "notice on the establishment of a virtual currency "mining" business reporting platform"; then, the State Council Financial Stability Development Committee held its fifty-first meeting, which said that it was necessary to combat bitcoin mining and trading behavior. "This can be said to be a complete farewell," a mining machine producer told reporters, "mining to China has begun the process of de-Chinization." "The big mining farms are indeed shutting down, the degree of implementation for small and medium-sized ones is uncertain, and miners do have feedback on the phenomenon of 'being blacked out' as well." A cryptocurrency circle source told reporters. The first financial reporter obtained the above documents show that the requirements to complete the key object screening shutdown, the State Grid Sichuan Electric Power Company has been investigated 26 virtual currency "mining" project, led by the relevant municipal (state) government, the State Grid Sichuan Electric Power Company, the province can invest in the group with the completion of the screening clean-up and shutdown work before June 20th. The above 26 virtual currency "mining" projects, including: Heishui Kedi Big Data Co. The main body of its power supply is basically the State Grid Sichuan Company.
3, at the same time, the document also mentioned that the requirements of the power generation enterprises to carry out self-correction, June 25 will be the assets cleanup and rectification of the situation reported; in addition, the requirements to do a good job of comprehensive cleanup and investigation. The investigation found that the virtual currency "mining" project must be shut down, on June 25 will be cleaned up and shut down the situation reported, around the world is strictly prohibited in the name of various types of approval of virtual currency mining projects.