Anhui Is the Sixth Province in China to Crack Down on Bitcoin Mining


Source: decrypt.co decrypt.co

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In brief - China's Anhui province is reportedly banning Bitcoin mining due to power shortages. - The State Grid, China’s national electricity provider, also requested that the activity be snuffed out throughout the country. Anhui is the sixth province in China to “clean up” Bitcoin mining, according to local reports . Similar language was used last month when Ya’an, a major city in the Sichuan province, also banned Bitcoin mining . Anhui has, however, cited power shortages as the key factor behind the latest prohibition. Cryptocurrency mining refers to the energy-intensive process through which specialized computers earn crypto for verifying...