{"id":8033,"date":"2021-06-10T05:54:14","date_gmt":"2021-06-10T05:54:14","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/chinas-qinghai-province-instructs-bitcoin-mining-operations-to-shut-down\/"},"modified":"2021-06-10T05:54:14","modified_gmt":"2021-06-10T05:54:14","slug":"chinas-qinghai-province-instructs-bitcoin-mining-operations-to-shut-down","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/chinas-qinghai-province-instructs-bitcoin-mining-operations-to-shut-down\/","title":{"rendered":"China\u2019s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down"},"content":{"rendered":"

Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department\u2019s document explains bitcoin mining operations cannot operate in the area.<\/strong><\/p>\n

Qinghai Province Gives Bitcoin Miners Notice to Cease Operations<\/h2>\n

Beijing\u2019s crackdown on bitcoin mining seems to be spreading. It started two weeks ago after a few accounts<\/a> stemming from Inner Mongolia noted the region\u2019s top economic planner revealed new rules against operating bitcoin mining facilities in the region. The problems with bitcoin mining in Inner Mongolia turned out to be the first enforcement measure against crypto mining.<\/p>\n

Reports<\/a> explaining the government\u2019s plans to shut down mining operations in Inner Mongolia started surfacing during the first week of March 2021.
\nAt the end of May 2021, the Sichuan Energy Regulatory Office planned<\/a> to hold a meeting on June 2, to discuss the implications of bitcoin mining. At the time of writing, no reports of banning bitcoin mining have stemmed from this report concerning the Sichuan province.
\nOn Wednesday, June 9, 2021, a report<\/a> disclosed specific bitcoin miners in Xinjiang have been instructed to shut down<\/a>.<\/p>\n

The Qinghai Industry and Information Technology Department\u2019s document.
\nThe same day, regional reports<\/a> explained that China\u2019s Qinghai Province issued a notice<\/a> to bitcoin miners instructing operations to stop mining operations immediately.
\nThe notice stems from the Qinghai Industry and Information Technology Department. It notes that businesses will be inspected, existing mining projects must be suspended and no mining companies will be allowed to mine virtual currencies in the province.<\/p>\n

<\/p>\n

Speaking on the subject, the regional reporter Colin \u2018Wu\u2019 Blockchain tweeted<\/a> about the provinces that are densely populated with bitcoin miners. \u201cThere are three major mining regions in China. Inner Mongolia has completely stopped, Sichuan may not stop, so the situation in Xinjiang is more complicated. The term used in the document is to suspend for rectification, which is not as strict as Inner Mongolia,\u201d the Chinese journalist detailed.<\/p>\n

Bitcoin\u2019s overall network hashrate has dropped since the shut down<\/a> announcement in Xinjiang. At the time of that report, the hashrate was around 180 exahash per second (EH\/s). At the time of writing, Bitcoin\u2019s SHA256 hashrate has dropped to 120 EH\/s.<\/a><\/p>\n

What do you think about the reports saying Qinghai officials are cracking down on miners in the region? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMining, Ban Bitcoin Mining, Ban Mining, beijing, Bitcoin Miners, Bitcoin mining, BTC miners, BTC Mining, China, China ban, China Mining, chinese miners, Colin \u2018Wu\u2019 Blockchain, Inner Mongolia, Qinghai, Qinghai Province, sichuan, sichuan province, Xinjiang<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department\u2019s document explains bitcoin mining operations cannot operate in the area. Qinghai Province…<\/p>\n","protected":false},"author":0,"featured_media":8034,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8033"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8033"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8034"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}