China’s Anhui Province Shuts Down Local Crypto Mining Operations
As part of continued measures to stop all crypto-related activities in the country, a small eastern China province (Anhui) has ordered all crypto miners in its region to cease operations citing, colossal electricity consumption.
Anhui authorities further revealed that it estimates that it might experience a shortage of power supply as demand for electricity in the province has been growing at an alarming rate.
Local news site (Hefei online) the Anhui authorities will also critically analyze any new project that requires the substantial use of power supply. They also plan to maximize electricity consumption in the province. Hence, it will develop new policies for building data centers and update its current electricity price tariff policies.
Anhui Province
Up until last year, the Anhui province was tagged as one of the poorest provinces in China. Based on population, Anhui province ranks among the top regions in China. Power grids supply power primarily to wind-and-solar-related plants, coal-powered plants, and uncountable hydropower companies.
It is no longer news that China intends to phase out all cryptocurrency miners from the country. There are suggestions that the government won’t launch its central bank digital currency (CBDC) publicly until it has successfully stopped all crypto mining operations in the country.
Notice To All Chinese Provinces
Celebrated Chinese crypto analyst Collins Wu (Wu blockchain) also revealed that the central government had dispatched a letter to all provinces in the country through the state grid corporation. The letter informed them to ensure that there are no longer crypto miners in their regions.
He further said, “even provinces (like Anhui and Henan) which have deficient power supply are implementing the content of the notice.”
Collins Wu tweet. Source: Twitter
Recently, large provinces with the largest concentration of crypto miners (like Qinghai, Inner Mongolia, Xinjiang, Sichuan, and Yunnan) have chased out crypto miners. It seems that the smaller provinces are now following in their footsteps.
Before the ban on crypto miners, over 70% of global Bitcoins were mined in the country. The ban has forced many miners to settle in other parts of the world, such as Kazakhstan, Canada, and Texas, USA.
An Ohio-Based Company Wants To Start Bitcoin Mining
Top retail energy supplier (Energy Harbor Corp) and a top Bitcoin mining host (Standard Power) have disclosed a 5-year collaboration to supply clean energy to a new Ohio-located data center.
This data center is expected to take off before the end of the year. The Coshocton-located facility was previously home to a paper mill which has since been abandoned. Now, the two firms can use the location to create an environmentally friendly facility for crypto mining.
The need to create an environmentally-friendly means of mining Bitcoin is now more pronounced than ever after a new Cambridge university research. The research revealed that the amount of carbon dioxide emissions from Bitcoin mining is approximately equal to that from Jordan, Sri Lanka, and most developing nations. The research also estimated that Bitcoin’s annual energy consumption is approximately 70 TWh.
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