In China, Cryptocurrency Miners Will Be Cut Off the Power Supply
Regulatory authorities in Yunnan Province, China, have issued strict regulations for hydroelectric power plants against supplying electricity to Bitcoin mining enterprises.
It is reported that the Yunnan County People’s Government Office has sent a notice to hydroelectric power plants to strengthen oversight of Bitcoin mining operations.
According to the notice, power plants from August 24 must forcibly disconnect mining companies from the supply of electricity within their jurisdiction.
Also, hydroelectric power plants are required to report to the National Development and Reform Commission of China (NDRC) after the withdrawal of miners from the network. Using this information, the NDRC will enforce a complete cessation of all illegal hydropower supplies to Bitcoin miners by the NDRC.
In addition, in the Chinese province of Guizhou, after the ban on mining cryptocurrencies, they decided to redirect the saved energy to the development of charging infrastructure for electric vehicles. By the end of 2021, it is planned to build 4,500 charging stations in the southern province.