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 ...

China’s Hash Rate Share Has Been Declining Before Crypto Crackdown

Jul 16, 2021

An update of the Cambridge Bitcoin Electricity Consumption Index (CBECI) digital tool has suggested that China’s share of global hash rate has been in significant decline for some time prior to the recent crackdown on Bitcoin mining announced by the Chinese government in June 2021....

Largest Bitcoin Difficulty Level Drop Follows China’s Mining Ban, Miners to Get More 

Jul 5, 2021

Speculations are rife that the recent crackdown on Bitcoin miners’ activities in China made the top cryptocurrency’s network record the largest fall of its difficulty level by ~28% at block 689,471. The reported fall in the Bitcoin mining difficulty on Saturday July 3 is its largest down...

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...

China Still All In On Crypto, Make No Mistake About It – Top US VC Partner

Jun 27, 2021

Regardless of what the market outlook says, China is still committed to digital currencies and blockchain technology, the general partner of a top private American venture capital firm has said.  Andreessen Horowitz’s Katie Haun made the view known to CNBC last week when asked what s...

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 ...

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 ...

Push for Crypto Mining Continues Despite China Crackdown

Jun 4, 2021

Amid Chinese authorities’ recent change of attitude to crypto mining activities in China, internet company The9 says it has now finalised work with Montcrypto on an agreement to build a carbon-neutral mine with a 20MW power infrastructure in Alberta, Canada. The idea of a 20MW po...

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...

China’s Impact on Crypto Market Lessens After Weekend Lows

May 25, 2021

The market impact of China’s call for the need to tighten regulation on cryptocurrency trading and mining to protect the financial system is now wearing out. The renewed warning by China’s State Council on Friday May 21 sparked a widespread sell-off which saw the value of many crypto as...