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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also […]
The post Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season appeared first on Bitcoin News.
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Québec Allocates 300 MW Energy Quota for Crypto Mining
Québec, the resource-rich Canadian province, has made up its mind about cryptocurrency mining. Régie de l’énergie, the region’s energy regulator, has rendered its decision on the blockchain sector and lifted the moratorium on electricity supplies. An additional 300 MW of energy will be allocated to power the minting of digital coins, a move that local […]
The post Québec Allocates 300 MW Energy Quota for Crypto Mining appeared first on Bitcoin News.
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Korean Province to Replace Local Currencies With Crypto
An eastern South Korean province plans to issue its own cryptocurrency to replace the local currencies of its nine cities, according to local media. An exchange will be established for the new crypto. The coins can be used for payments within the province and merchants can accept them using smartphone QR codes. Also read: Yahoo! Japan […]
The post Korean Province to Replace Local Currencies With Crypto appeared first on Bitcoin News.
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