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 ...

Sichuan Energy Regulators Set to Meet in June to Discuss Bitcoin Mining

May 28, 2021

The latest nationwide crackdown on cryptocurrency mining in China has raised questions about the sustainability of Bitcoin’s current hash rate and has sparked a global market downturn. With rumors circulating that China’s central government plans on outlawing Bitcoin mining in Sichuan, Xin...

Supercomputing·Fusion: The 2nd Global Blockchain HashCon is officially launched!

Mar 4, 2021

The bull market is coming, and the wet season is coming. Summer is about to usher in the busiest mining season in Sichuan. In April, "Supercomputing · Fusion: 2021 Global Blockchain HashCon" will be held in Chengdu, Sichuan Province, which opens the prelude to the annual wet season...

Bitcoin’s Hashrate Takes a Massive Hit After Heavy Floods in Sichuan Shut Miners Down

Aug 19, 2020

The total computing power of the Bitcoin network took a massive hit this week when heavy rainfall in China’s Sichuan province forced many mining farms in the region to shut down. China’s southwestern province has been a hotspot for Bitcoin mining in the past several years, mostly thanks to t...

Forum Topics on First HashCon 2020 & New Infrastructure Mining Summit in China’s Chengdu Revealed

Aug 18, 2020

Bitcoin finally broke the resistance zone of $12,000, ETH transaction fees are also skyrocketing with the price of moving tokens around on the Ethereum blockchain continuing to balloon, China’s Sichuan has encouraged blockchain companies to help consume excessive hydroelectricity in the ra...

Bitcoin Mining Legalization Foreseeable As Sichuan Reveals Second Batch Hydropower Consumption Enterprises

Aug 14, 2020

China’s Sichuan province, known as the world’s bitcoin mining capital for its massive concentration of bitcoin mining operations as electricity is extremely cheap in the region, has recently revealed the second batch of demonstration enterprises for hydropower consumption. The list includes ...

Heavy Floods, BTC Price, and Stiff Competition Make 2020 a Tough Year for Miners in China

Aug 5, 2020

Despite the rising difficulty and increasing competition, cryptocurrency mining has seen incredible growth in the past several years. A place where the huge growth in the mining industry was most evident was China, where entire provinces seemed to have been swallowed by huge mining farms. But, n...

First HashCon 2020 & New Infrastructure Mining Summit Come to Chengdu this August

Jul 17, 2020

Chengdu, the world’s bitcoin mining capital, is about to host a brand new mega mining conference – the HashCon 2020 & New Infrastructure Mining Summit in the upcoming August. The summit, an update of the New Era Mining Summit, will be held jointly by inbtc (Bitcoin mining ...

China Crypto Roundup (May 18-25): Bitcoin Mining in Sichuan, Hainan Disentangles from Crypto

May 25, 2020

The Chinese cryptocurrency sphere this week has seen more regulatory developments, including Sichuan’s ambivalent policy towards bitcoin mining, Hainan making clear its blockchain-not-crypto stance. As the country is in its political season with the start of its largest political event Two...

Bitcoin Mining Support in Sichuan Attracts Too Much Attention – Fresh Crackdown Ahead?

May 22, 2020

The Chinese province of Sichuan, the world’s bitcoin mining capital, has reportedly asked local governments to guide bitcoin mining operations to make an orderly exit from the business. According to the leaked document online, it says that some companies are taking advantage of and overly ad...