Crypto Mining in Another Chinese Province Ceases By CoinQuora

[ad_1]

Crypto Mining in Another Chinese Province Ceases
  • Yunnan is the latest Chinese province to clamp down on crypto mining
  • Yunnan is the fourth largest crypto mining province in China
  • However, countries like El Salvador are looking into green energy for crypto mining

Another Chinese province has clamped down on crypto mining. This time, authorities in China’s Yunnan province are looking into illegal electricity use by miners.

Yunnan province is China’s fourth-largest crypto mining province. The province joins other top mining provinces like Inner Mongolia, Xinjiang, and Qinghai as the country pushes to clamp down on crypto mining.

Yunnan’s Energy Bureau warned that it would cut off the power supply to anyone illegally using electricity to mine Bitcoin.

In a joint statement, China’s National Internet Finance Association, the Banking Association, and the Payment and Clearing Association stated,

Recently, cr…

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Leave a Reply

Your email address will not be published.