{"id":8463,"date":"2021-08-23T14:01:38","date_gmt":"2021-08-23T13:01:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8463"},"modified":"2021-08-23T14:01:47","modified_gmt":"2021-08-23T13:01:47","slug":"yingjiang-county-to-cut-off-bitcoin-miners-from-hydropower-stations","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/yingjiang-county-to-cut-off-bitcoin-miners-from-hydropower-stations\/","title":{"rendered":"Yingjiang county to cut off Bitcoin miners from hydropower stations"},"content":{"rendered":"\n
The Yingjiang county of Chinese province Yunnan<\/a> have issued stern warnings to hydroelectric facilities not to give electricity to Bitcoin mining businesses and plans to \u201cforcibly dismantle\u201d the power supply of any mining farm within its jurisdiction.<\/h5>\n\n\n\n
\"Yingjiang<\/figure>\n\n\n\n

According to a recent report, the Yingjiang County Office of the People's Government gave notice to hydropower plants to improve monitoring on Bitcoin mining operations\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

The power plants have been given until Tuesday, Aug. 24, to delist mining businesses from their grid's “illegal” supply, according to the notice.<\/p>\n\n\n\n

The county is apparently planning to \u201cforcibly dismantle\u201d the power supply to Bitcoin mining operations within its jurisdiction after the deadline.<\/p>\n\n\n\n

In addition, the notice mandates that hydropower stations report to China's National Development<\/a> and Reform Commission (NDRC) once mining operators are decommissioned from the grid.<\/p>\n\n\n\n

NDRC will use this information to assist Yingjiang County is stepping up law enforcement measures to ensure that any unlawful hydropower supply to Bitcoin miners is entirely stopped.<\/p>\n\n\n\n

According to the report, Bitcoin mining operations rely mainly on \u201cunauthorized private access to electricity, evasion of state transmission and distribution fees, cash, and other profit-making violations,\u201d according to the Yunnan Provincial Energy Bureau.<\/p>\n\n\n\n

Guizhou Province<\/a> in China recently opted to use the energy saved from the Bitcoin mining ban to construct electric vehicle charging infrastructure.<\/p>\n\n\n\n

According to reports, the country plans to build 4,500 charging stations in the southern region by the end of 2021, with the infrastructure eventually scaling up to enable a network of 5,500 charging stations by 2023.<\/p>\n\n\n\n

China's contribution to the global Bitcoin hash rate was cut to 46.04 percent as a result of the country's opposition to crypto and Bitcoin mining.<\/p>\n\n\n\n

Chinese miners who have been displaced have begun to seek asylum in countries that are friendlier to them, such as the United States, Kazakhstan, and Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Yingjiang county of Chinese province Yunnan have issued stern warnings to hydroelectric facilities not to give electricity to Bitcoin mining businesses and plans to \u201cforcibly dismantle\u201d the power supply of any mining farm within its jurisdiction. According to a recent report, the Yingjiang County Office of the People’s Government gave notice to hydropower plants […]<\/p>\n","protected":false},"author":12,"featured_media":8470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[1094,941,3968],"class_list":["post-8463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-miners","tag-hydropower","tag-yingjiang-county"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Yingjiang-county-to-cut-off-Bitcoin-miners-from-hydropower-stations-scaled.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8463"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8470"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}