News Snapshot:
City authorities in China’s Inner Mongolia province reported the seizure of 10,000 unregistered cryptocurrency mining equipment on Monday, September 27. The mining equipment was discovered in a shed in the small and medium-sized enterprises area of an entrepreneurship park located in Bayannur. Regarding confiscated mining equipment a statement State news agency Xinhua says the facilities’ energy consumption increases by about 1,104 kWh. officials tell 45 mining farms already closed in Inner Mongolia province, which represents an annual consumption savings of 6.53 billion kWh, according to the statement. The seizure came shortly after the announcement by the People’s Bank of China...
