Image source: Visual China
Reporter | Si Linwei
In the context of the State Council’s mention of cracking down on Bitcoin mining, various localities have introduced relevant policies to rectify and clean up virtual currency mining.
On June 9th, Xinjiang Changji Prefecture Development and Reform Commission issued the “Notice on Immediately Suspending and Rectifying Virtual Currency Mining Enterprises.” The notice stated that companies engaged in virtual “mining” must suspend production for rectification before 14:00 on June 9th, and report the suspension of production to the Changji Prefecture Development and Reform Commission.
It pointed out that in order to implement the 51st meeting of the State Council’s Financial Stability and Development Committee on “combating Bitcoin mining and trading activities”, in accordance with Article 13 of the “Measures for the Energy-saving Review of Fixed Asset Investment Projects”, virtual currency mining “The enterprises should stop production for rectification before 14:00 on June 9, 2021.”
The Qinghai Provincial Department of Industry and Information Technology issued the “Notice on the Clean-up and Rectification of Virtual Currency “Mining” Projects”, and carried out clean-up and rectification of related virtual currency mining activities.
Notification requirements: 1. It is strictly forbidden to approve various virtual currency “mining” projects in various regions, and all existing various virtual currency “mining” projects are fully shut down. 2. Resolutely investigate and rectify the project entities that set up projects in the name of big data, supercomputer centers, etc. but are engaged in virtual currency “mining”. Stop providing venues and power support for virtual currency “mining” behavior. 3. In the later stage, inspections and random checks will be carried out on the clean-up and rectification situation. Please prepare relevant materials.
Bitcoin mining pool computing power ranking (Source: BTC.com)
After the two provinces and municipalities issued the guidance documents on the withdrawal of Bitcoin mining, the hashrate of mining pools began to plummet. Among the top ten mining pools in the world, the hashrate of mining pools with a Chinese background has plummeted by about 20%, among which the hashrate of ant pools Tumbled more than 30%. The hash rate of the entire network has not fluctuated significantly due to statistical delays, and behind the sudden drop in computing power is the power outage and shutdown of Bitcoin mining machines.Return to Sohu to see more
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