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Sichuan Says Over 5,100 Small Hydropower Plants In The Region Have Been Reviewed

Jul 27, 2021

The era of virtually unlimited hydropower in the Chinese province of Sichuan could be coming to an end. And while the abundance of electricity coming from the region’s plentiful water sources has been reserved for the summer months, the latest regulatory crackdown has drastically decreased the ...

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Bitcoin’s Recovering Hashrate Suggests Chinese Miners Might Have Successfully Relocated

Jul 16, 2021

After experiencing a significant slump both in performance and in price, the Bitcoin network seems to have slightly recovered. The slump began at the beginning of summer when several Chinese provinces initiated massive crackdowns on mining operations in their regions. Some of the largest Bitco...

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Hydropower Plans in China Go on Sale As Government Enforces Mining Shutdown

Jun 30, 2021

China’s crackdown on Bitcoin mining within the country has affected much more than just Bitcoin’s price. After the local government in China’s Sichuan province issued a notice ordering 26 large Bitcoin mining farms to leave the area, the world’s largest cryptocurrency took a heavy hit and...

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China’s Bitcoin Crackdown Might Lead to an Increase in Filecoin and Chia Mining

Jun 22, 2021

Last week, the global cryptocurrency industry took a major hit when Sichuan’s local government ordered the suspension of 26 large Bitcoin mining farms. The Sichuan Development and Reform Commission and Energy Bureau issued a notice on June 18th, requiring 26 “suspected key projects” in...

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China Crypto Roundup (June. 14-June. 20)：Bitcoin Mining Becomes a Past in China

Jun 21, 2021

1. Andrew Y. Yan: I have been buying bitcoin since 2015 Managing Partner of Chinese private equity firm SAIF Partners Andrew Y. Yan revealed that he has been buying Bitcoin since 2015 and has HODL it ever since. SAIF currently manages nearly 6 billion RMB and 4 billion ...

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Chinese Miners Look Into Green Energy As Government Ramps Up Pressure

Jun 18, 2021

China’s path towards reducing its carbon footprint has left the Bitcoin mining industry in shambles. With some estimates showing that over 65% of all Bitcoin mining is concentrated within China, this goes beyond just a problem for miners and becomes a significant problem for the entire crypto ...

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China Crypto Roundup (June. 7-June. 13)：China Continue Cracking Down on Crypto Mining

Jun 15, 2021

1. China’s Qinghai Province issued a document to stop virtual currency mining operations: -Stop approving and setting new virtual currency mining projects. Suspend all existing mining operations -Investigate and punish entities that undertake projects in the name of big data but engage in...

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Chinese Miners Praise El Salvador’s Push For Renewable Geothermal Power

Jun 10, 2021

After several weeks of controversies surrounding China’s crackdown on Bitcoin mining, the crypto industry woke up on June 9th to find that the small Latin American country of El Salvador has become the first country to accept Bitcoin as legal tender. Just days after it was first announced...

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After Filecoin and Chia, Swarm Mining Is Taking China By Storm

Jun 9, 2021

The controversy surrounding Filecoin and Chia mining is yet to leave the mainstream media, but it seems that another mining craze has already taken China by storm. Swarm, a distributed storage project that claims to have direct ties to the Ethereum Foundation, has become the latest obsession ...

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Bitcoin Mining Difficulty Decreases As Miners Move Operations Out of China

Jun 1, 2021

While many experts have dismissed the recent rumors around a government crackdown on Bitcoin mining in China, it seems that miners operating in the country have already begun pulling out anticipating the worst. As instant changes in Bitcoin’s hash rate are notoriously hard to detect and pre...