China's Anhui province bans cryptocurrency mining – Bits Media

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Китайская провинция Аньхой запретила майнинг криптовалют - Bits Media

The Chinese government continues to pursue a prohibitive policy against miners. All cryptocurrency mining operations are prohibited in another province - Anhui.

According to publication
Hefei Online, Anhui becomes China's sixth province, banned mining cryptocurrency. Provincial authorities announced a series of measures to tackle rising electricity demand and related power shortages over the next three years. Local Authorities Plan to Implement New Methods for Building Data Centers, and to promote the reform of electricity prices in order to optimize energy consumption in the region.

Anhui province in China is considered one of the poorest regions in the country.: she was excluded from the official list of poor areas only in 2020 year. Anhui is the eighth largest province in the country by population. Most of the electricity in the province is generated by coal-fired power plants., as well as several hydroelectric power plants, wind and solar power plants.

As reported
Chinese journalist Colin Wu (Colin Wu), mining ban in Anhui province was initiated by the State Grid Corporation of China. According to W, State Grid Joins China State Council's Demand "to Stop Cryptocurrency Mining" across the country. He added, that after Anhui, Henan and Gansu provinces will also ban cryptocurrency mining.

Previously, similar bans on mining were introduced in Yunnan and Sichuan provinces. Xinjiang authorities, Inner Mongolia and Qinghai also ordered to stop mining cryptocurrencies on their territory. Tighter Regulatory Policy Against Miners and Massive Closures of Mining Enterprises in China Lead to Sale
in the secondary market of ASIC miners and video cards, used for mining cryptocurrencies.