While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan’s Hydropower Plants Were Not So Lucky

While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan's Hydropower Plants Were Not So LuckyRegional reports from China indicate that government officials have been reviewing over 5,100 small-sized hydropower plants in order to get them to adapt to China’s cleanup and rectification process concerning future energy sources. China has pledged to be carbon neutral and ultimately have zero carbon emissions by 2060 and the recent crackdowns on bitcoin miners […]

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Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining

Hydropower Stations Offered for Sale Amid China’s Crackdown on Crypto MiningSmall hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for […]

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

Reports of Crypto Mining Sector Cleanup Put China’s Yunnan Province in the SpotlightAuthorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%

Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%. Meanwhile, Chinese miners located in Sichuan may put more pressure on […]

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BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’

BTC Miner Stresses: 'Bitcoin is One of the Most Environment-Friendly Financial Networks'While bitcoin has been gathering widespread attention with prices touching all-time highs, mainstream pundits have tried to attack the leading crypto asset for its energy consumption. It seems a new ‘bitcoin is bad for the environment’ editorial is published nearly every week by mainstream journalists, tech authors, and climate activists. This week a representative from […]

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