Hot search keywords

Hot search keywords

Category Archives: Mining

China Officially Adds Crypto Mining to Elimination Category

Jan 10, 2022

Olusegun Ogundeji

The Chinese government has officially included cryptocurrency mining in its list of industries that should be eliminated. China’s state planner, the National Development and Reform Commission (NDRC), in its communication No. 49 dated December 30, 2021 but made public this week, notes t...

How Secret Bitcoin Miners Elude The Government in China

Dec 21, 2021

Contrary to earlier reports that cryptocurrency mining has been eliminated from China, recent data shows that up to 20% of the global Bitcoin hashrate is still resident in the country. Even though this is a significantly lower value than the number before the implementation of the 2021 cryptocur...

China Targets Crypto Miners With Electricity Price Hike

Dec 6, 2021

The Chinese province of Hainan has increased the price of electricity to $0.13, equivalent to 0.8 yuan per kilowatt-hour for cryptocurrency mining operations within its region. This is an extension of actions previously taken by the Chinese central government in this direction.  It is reca...

Chinese Mining Companies Continue Shift to North America

Nov 15, 2021

Olusegun Ogundeji

Despite a ban on related activities on their home turf, Chinese companies remain attracted to the crypto mining trade hence their quest to continue pursuing the interest even outside the shores of China. Beijing has driven out most of China’s cryptocurrency mining activities this year ...