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No more cheap electricity for Inner Mongolian crypto miners, officials say By Cointelegraph Posted on Author mikephite No more cheap electricity for Inner Mongolian crypto miners, officials say Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity. Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures. They additionally expect 4.836 billion yuan ($702 million) specifically from crypto mining activities. Continue Reading on Coin Telegraph
