Tag Archives: Sichuan

[ad_2][ad_1] In mid-August, officials from China’s Sichuan province approved a number of companies mining bitcoins for the region’s legal consumption of hydroelectricity. After the Ya’an city local government decided to promote mining, Chengdu officials recently talked about welcoming cryptocurrency mining to the Hashcon 2020 event and strengthening a blockchain industrial …

[ad_2][ad_1] Sichuan province is well known for being one of the largest concentrations of bitcoin miners on earth because electricity costs are extremely cheap in the region. The data shows that miners using hydropower in Sichuan pay between 0.065-0.075 yuan or $ 0.01 per kilowatt hour. According to regional reports, …