Home News

Chinese watchdogs to regulate bitcoin mining by controlling electricity supply

Certification
Good quality Refractory Pizza Stone for sales
Good quality Refractory Pizza Stone for sales
Customer Reviews
This is the first time for our cooperation. They are indeed what we want. We look forward to working with you again in future.

—— Fred (USA)

Your ceramic tube is really good for our application, we will buy more in future.

—— Jessica Ferrara (Italy)

You are the best, your ceramic parts are perfect

—— Dalibor(Czech)

Our client satisfied with the Cordierite kiln shelf and sagger . But It would be better if the delivery time be shorter in our next order.

—— Van Nguyen (Viet Nam)

I hope you are fine and business is well. We recieved the perfect goods from you, your are the best.

—— Niko (UK)

I'm Online Chat Now
Company News

Chinese watchdogs to regulate bitcoin mining by controlling electricity supply

Chinese watchdogs to regulate bitcoin mining by controlling electricity supply

Chinese industry authorities have ordered local governments to gradually reduce the scale of bitcoin production, by first controlling the power supply to bitcoin mines, The Paper.cn reported on Jan. 4, citing unique sources.

Local governments were also asked to report their work on a regular basis to the Internet Financial Risk Special Rectification Work Leadership Team Office, the country’s online financial risk regulator.

The People’s Bank of China, the country’s central bank, has reportedly asked local governments to control electricity supply to bitcoin mines as a first step to scale down bitcoin mining.

In mid-November 2017, the online financial risk regulator held a special meeting to discuss ways to close down some bitcoin mines, The Paper reported.

In the same month, an affiliated electricity company of the State Grid in Sichuan released a notice, asking all its power stations to stop powering bitcoin production. Those stations had allegedly put residential electricity supply after bitcoin mines, the company pointed out.

The move was aimed at reasonably guiding bitcoin miners to stop their businesses, since all bitcoin exchange platforms have been shutdown in an earlier nationwide campaign, said staff with the regulators.

The general trend is to gradually regulate and reduce the scale of bitcoin mines, and to shut down non-standard ones, said a source familiar with the central bank, clarifying rumors that all the mines will be shutdown, China Securities.com reported.

Pub Time : 2018-01-06 13:00:24 >> News list
Contact Details
Yixing City Kam Tai Refractories Co.,ltd

Contact Person: Mr. Bruce

Tel: 86-510-87997800-803

Fax: 86-510-8746-8690

Send your inquiry directly to us (0 / 3000)