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Sichuan Notice May Impact Bitcoin Hash Rate

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Sichuan Notice May Impact Bitcoin Hash Rate

According to local news outlet China Times, the state grid in Sichuan’s Aba county issued a notice on May 16 demanding energy-intensive enterprises in the area to temporarily cut down their power consumption, effectively rationing energy usage of any bitcoin mining operations in the region.

The local government set up the Sichuan hydropower grid to attract power-intensive industries to utilize excess electricity produced by the heavy regional rains during the Southwestern Chinese summer. Consequently, the region has become a hotbed for bitcoin mining operations and many mining farms are usually transferred from Northern fossil fuel power plants to Sichuan to take advantage of energy excesses.

First published here

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