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Chinese Provinces Still Cracking Down on Bitcoin, Altcoin Miners
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Multiple Chinese provinces are claiming to have stepped up their efforts to crack down on illegal crypto mining operations – an indication that they are either eager to impress the central Beijing government or that some miners in the country are still refusing to shut down.
Per Shanghai Securities News, Zhejiang Province is exacting a mining crackdown, and its Provincial Party Committee teamed up with the local government to “launch a joint special incentive” that has allowed the province to “comprehensively combat the use of public [energy] resources” to fund crypto “mining and trading activity.”
University of Cambridge data compiled at the end of August this year appears to show that Mainland China’s bitcoin (BTC) hashrate is 0%, but some
Read more on cryptonews.comAbout this in other media
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