[Taklimakan Blog] The Sichuan City of Ya’an Starts Stripping Cryptocurrency Miners

Authorities in the Sichuan city of Ya’an launched a campaign to expel cryptocurrency mining businesses from the region

The authorities of the Chinese urban district of Ya’an have opened a hunt for cryptocurrency miners. Bloomberg writes about this concerning one of the local miners. It is reported that the administration of the hydropower-rich city has promised the Sichuan provincial authorities to begin a “large-scale” eradication of the mining business.

According to the source, the city authorities intend to get rid of bitcoin and ether miners by the end of the year. However, the representative of the Yaan administration said that he did not know anything about the plans to expel the mining business. According to PANews, the city accounts for about 10% of the hashrate of the Bitcoin network.

Yaan’s initiative comes after the Sichuan authorities demanded that the main mining centers stop working until June 20, and also banned energy companies from providing services to them. It is noteworthy that earlier it was also reported that the meeting of representatives of business and the authorities of Sichuan was held in a “positive” manner.