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BREAKING: Bitcoin Miners in China’s Yunnan Province Cut off from Electricity Supply

 
Anonymous Coward
User ID: 79706956
Mongolia
12/01/2020 02:38 AM
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BREAKING: Bitcoin Miners in China’s Yunnan Province Cut off from Electricity Supply
According to multiple reports from Chinese crypto news sources on Monday, the Yunnan province issued an order for power stations to cease supplying power to Bitcoin (BTC) miners in the region.

Yunnan is China’s fourth-largest Bitcoin mining hub after Xinjiang, Sichuan, and Inner Mongolia. The news marks the latest negative move against miners in the Yunnan province.

As previously reported by BeInCrypto, 74% of Chinese Bitcoin miners are struggling to pay for electricity due to a widespread freeze on card payments associated with crypto transactions.

The restriction form part of Beijing’s increased anti-money laundering offensive against the telecoms and cryptocurrency sector.

[link to beincrypto.com (secure)]
Anonymous Coward
User ID: 79318303
France
12/01/2020 02:52 AM
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Re: BREAKING: Bitcoin Miners in China’s Yunnan Province Cut off from Electricity Supply
Mining bitcoin isn't eco-friendly.
Smell MY Finger Elect

User ID: 3461400
United States
12/01/2020 10:25 AM
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Re: BREAKING: Bitcoin Miners in China’s Yunnan Province Cut off from Electricity Supply
Mining bitcoin isn't eco-friendly.
 Quoting: Anonymous Coward 79318303


Sure it is it produces more carbon dioxide and plants love that shit
Get a brain
Smell MY Finger
Anonymous Coward
User ID: 72638744
United States
12/01/2020 10:30 AM
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Re: BREAKING: Bitcoin Miners in China’s Yunnan Province Cut off from Electricity Supply
I thought this article was fake at first because
bitcoin's price hadn't budged, but it actually
dropped around $1,000 since then.

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