China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down

China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
фото показано с : news.bitcoin.com

2021-6-10 08:30

Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area.

Qinghai Province Gives Bitcoin Miners Notice to Cease Operations Beijing’s crackdown on bitcoin mining seems to be spreading. It started two weeks ago after a few accounts stemming from Inner Mongolia noted the region’s top economic planner revealed new rules against operating bitcoin mining facilities in the region. The problems with bitcoin mining in Inner Mongolia turned out to be the first enforcement measure against crypto mining. Reports explaining the government’s plans to shut down mining operations in Inner Mongolia started surfacing during the first week of March 2021. At the end of May 2021, the Sichuan Energy Regulatory Office planned to hold a meeting on June 2, to discuss the implications of bitcoin mining. At the time of writing, no reports of banning bitcoin mining have stemmed from this report concerning the Sichuan province. On Wednesday, June 9, 2021, a report disclosed specific bitcoin miners in Xinjiang have been instructed to shut down. The Qinghai Industry and Information Technology Department’s document. The same day, regional reports explained that China’s Qinghai Province issued a notice to bitcoin miners instructing operations to stop mining operations immediately. The notice stems from the Qinghai Industry and Information Technology Department. It notes that businesses will be inspected, existing mining projects must be suspended and no mining companies will be allowed to mine virtual currencies in the province. if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Speaking on the subject, the regional reporter Colin ‘Wu’ Blockchain tweeted about the provinces that are densely populated with bitcoin miners. “There are three major mining regions in China. Inner Mongolia has completely stopped, Sichuan may not stop, so the situation in Xinjiang is more complicated. The term used in the document is to suspend for rectification, which is not as strict as Inner Mongolia,” the Chinese journalist detailed.

Bitcoin’s overall network hashrate has dropped since the shut down announcement in Xinjiang. At the time of that report, the hashrate was around 180 exahash per second (EH/s). At the time of writing, Bitcoin’s SHA256 hashrate has dropped to 120 EH/s.

What do you think about the reports saying Qinghai officials are cracking down on miners in the region? Let us know what you think about this subject in the comments section below.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Miners' Reward Token (MRT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0062782 (-100%)

shut down operations qinghai miners officials another

shut down → Результатов: 126


Bitcoin Fundamentals and Technicals Flip Overwhelmingly Positive

2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near.

2019-5-6 15:10


В результате спецоперации в Германии закрыли дарнет-площадку Wall Street Market

В рамках совместной операции Федеральной уголовной полиции Германии, прокуратуры и Европола были обнаружены и конфискованы сервера даркнет-маркетплейса Wall Street Market. Также было произведено три ареста.

2019-5-4 13:21


В результате спецоперации в Германии закрыли даркнет-площадку Wall Street Market

В рамках совместной операции Федеральной уголовной полиции Германии, прокуратуры и Европола были обнаружены и конфискованы сервера даркнет-маркетплейса Wall Street Market. Также было произведено три ареста.

2019-5-5 13:21


В ходе международной спецоперации с участием Европола был закрыт даркнет-рынок Wall Street Market

В рамках совместной операции Федеральной уголовной полиции Германии, прокуратуры и Европола были обнаружены и конфискованы сервера даркнет-маркетплейса Wall Street Market. Также было произведено три ареста.

2019-5-4 11:37


Фото:

Darknet Market Wall Street Shut Down by the German Federal Criminal Police

In a press release published earlier today, Europol announced that they have shut down the latest darknet marketplace – Wall Street. The market had over one million users and over five thousand vendors and was ranked the world’s second largest dark web market trading drugs, stolen data, fake IDs and other illicit products you would […] The post Darknet Market Wall Street Shut Down by the German Federal Criminal Police appeared first on NullTX.

2019-5-3 19:49


Coinhive shutdown is failing to stop cryptojacking attacks; 1 million attempts blocked daily, claims report

The world of cryptocurrencies has been subject to both positive and negative developments since its inception. Coinhive, the infamous cryptocurrency mining script, is one of the latter. And while Coinhive was shut down earlier this year, that has not stopped other malicious activities from inflicting pain on the cryptocurrency ecosystem.

2019-5-3 12:30


Crypto News Media and Entertainment Outlet BreakerMag to Shut Down, Close Shop

Breaker Magazine, a crypto media news outlet launched in 2018, is reportedly shutting down. The news comes from TheBlock, which cites “sources familiar with the situation.” Breaker Mag is reportedly losing money for Breaker, its corporate owner, and there was no viable business plan in place to make the site profitable. BreakerMag is led by […]

2019-4-30 03:33


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


Brazilian Authorities Arrest Suspect Of Running Potential Crypto Money Laundering Scheme

Brazilian police arrested a man that was apparently running a crypto money laundering scheme in Brazil. The information was released by the local news site Gauchazh on April 23. As per the report, law enforcement officials shut down a Bitcoin (BTC) mining farm that operated in a clandestine drug laboratory in Porto Alegre. Suspect Arrested […]

2019-4-25 00:20


Meet the nonprofit that’s already fighting for the rights of sentient robots

Movies like Blade Runner and other science fiction tend to depict robots as self-aware machines, capable of making their own decisions and able to express personality and emotion. Robots aren’t sentient yet, but if in the future they do become self-aware, should we stop treating them like property and give them basic human rights? aight shut her down https://t.

2019-4-10 11:05