• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Bitcoin Mining Companies of China’s Yunnan Province Must Close at the End of June

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The Bitcoin ban is spreading across the territory of China. Recently, Yunnan province is the next name to be “touched” by the government in this purge.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Most Bitcoin mining operations have been shut down in China. Started in Inner Mongolia, Xinjiang, expanded to Qinghai and now Yunnan province.

Despite some inaccuracies a few days ago regarding the crypto mining ban in Yunnan, a spokesperson for Yunnan’s energy department finally confirmed to several sites. legitimate web site, that they want all miners to leave by the end of June. Several miners have also confirmed this in the crypto group at WeChat.

By the end of June, all Bitcoin mining activities must be scrutinized. Any activity that uses electricity without permission must be stopped. A lot of miners appear to have quit, contributing to the drop in mining rates on the Bitcoin blockchain that was noticed on June 11.

Bitcoin’s entire network’s hashrate dropped by 20E. Due to the decrease, Bitcoin has not produced blocks for 1 hour and 45 minutes. pic.twitter.com/kWnUhn9lwB

— Wu Blockchain (@WuBlockchain) June 11, 2021

See more: Chinese Bitcoin Miners Face Difficulty When Experiencing A Huge Drop in Hash Rate

In China, there are large mining operations in Xinjiang and Sichuan and smaller in Yunnan. The recent crackdown seems to be mainly aimed at the major mining hub. Because it will be difficult to recover because these are the backbone of the mining operation.

Other than Yunnan, Sichuan is the only province where the government has actually called for a face-to-face meeting with top miners to discuss the situation before pulling the same plug on other provinces.

Indeed, to date, no immediate plan to ban mining has been announced, which may be due to the huge amount of hydroelectricity produced in the province. The local government is collecting a super tax on profits before the miners cut off the power.

Synthetic

Maybe you are interested:

Join the chat group Coinlive Chats Now let’s discuss hot issues of DeFi market with Coinlive admins!!!



[ad_2]

Tags: BitcoinChinasClosecompaniesJuneMiningProvinceYunnan
Share76Tweet48

Related Posts

Bitcoin Surpasses $100K, Ethereum Upgrade Spurs ETH Rally

by shark
May 10, 2025
0

Bitcoin hits $100K, Ethereum's Pectra upgrade boosts ETH by 32%, Fed's rate decision supports crypto surge.

Bitcoin Crosses $100,000 Amid Economic Shifts

by shark
May 10, 2025
0

Bitcoin surpasses $100,000, driven by economic factors and institutional interest.

Bitcoin and Ethereum Rallies Trigger $1 Billion Liquidations

by shark
May 10, 2025
0

Bitcoin and Ethereum surge leads to $1 billion in market liquidations, impacting short sellers significantly.

StakeStone, WLFI Facilitate USD1 Cross-Chain Liquidity

by shark
May 10, 2025
0

StakeStone and World Liberty Financial announce partnership for USD1 stablecoin's cross-chain liquidity support.

Brazil’s B3 to Launch ETH and SOL Futures

by shark
May 10, 2025
0

Brazil's B3 exchange to launch Ethereum and Solana futures on June 16, 2025.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Surpasses $100K, Ethereum Upgrade Spurs ETH Rally
  • Bitcoin Crosses $100,000 Amid Economic Shifts
  • Bitcoin and Ethereum Rallies Trigger $1 Billion Liquidations
  • StakeStone, WLFI Facilitate USD1 Cross-Chain Liquidity
  • Brazil’s B3 to Launch ETH and SOL Futures
  • Top Crypto to Buy Now: Dragoin vs. Fartcoin vs. EOS, Which One Has the Edge in May 2025?
  • Which Crypto to Buy Now? Web3Bay Presale Hits $1.9M with Audited Contracts
  • Ethereum Surges to Two-Month High After Pectra Upgrade
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7