China may cut off cheap electricity from miners The Chinese government continues to fight cryptocurrencies. According to Cointelegraph, citing local newspaper Caijing, the Sichuan Electric Power Company issued an announcement that it will no longer provide miners with cheap electricity from its hydropower plants. In the announcement, the company calls Bitcoin mining "an unauthorized activity."

China may disconnect miners from cheap electricity

The Chinese government continues to fight cryptocurrencies. According to Cointelegraph, citing local newspaper Caijing, the Sichuan Electric Power Company issued an announcement that it will no longer provide miners with cheap electricity from its hydropower plants. In the announcement, the company calls Bitcoin mining "unauthorized activity".

In turn, Bitcoin miners claim that electricity is supplied to them by hydroelectric power plants that use water unsuitable for other needs, which ensures low tariffs.

The regional government announced that miners should not count on the emergence of new hydroelectric power plants under a different brand.

"Sichuan has published an official announcement that it does not need small hydroelectric power plants, and the corporation itself is buying out existing hydroelectric power plants, thus increasingly restricting access to cheap electricity for miners," the authors of the publication write..

Photo: chuyuss

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