China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150% – Mining Bitcoin News


Source: bitcoinethereumnews.com bitcoinethereumnews.com

Key Topics in this News Article:

News Snapshot:

Bitcoin Ethereum News Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%. Meanwhile, Chinese miners located in Sichuan may put more pressure on hydropower, as province officials have revealed electricity rates are scheduled to increase 150% this year. Sichuan Electricity Trading Division Report Notes Electrical Prices in the Region Will Increase by 150% Mining bitcoin is extremely competitive and miners are spread out all around...