A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA
A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA
Bitcoin

Sichuan takes lenient stance on bitcoin mining amid national crackdown to deal with rainy season’s excess hydropower

  • Sichuan has told bitcoin miners they have until September to leave the province, allowing them to take advantage of the region’s abundant summer hydropower
  • A recent bitcoin crackdown in China comes amid concerns about volatile prices and energy consumption as the country tries to meet ambitious emissions goals

Topic |   Bitcoin
A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA
A bitcoin miner inspects a malfunctioning mining machine during his night shift at a mining facility in Sichuan on September 26, 2016. Beijing fears the electricity that massive mining facilities consume could hinder the country’s carbon neutrality goals. Photo: EPA
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