NEW!Incredible offer for our exclusive subscribers! Read More

Beijing investigates crypto mining farms to improve energy efficiency

1 Mins read

Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday.


The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking them to report whether they are involved in mining Bitcoin (BTC) and other cryptocurrencies. The notice required data centers to report the amount of power consumed by crypto mining, the report notes.

A bureau official said that notice recipients include China’s top-three telecom operators. He noted that he was not aware of the reason behind the initiative, or whether it is part of a nationwide campaign.

The news comes amid a recovering Bitcoin hash rate, which experienced a major drop in mid-April due to massive power outages in the Chinese mining hub of Xinjiang. After tumbling to as low as 106 million terahashes per second on April 17, BTC hash rate rebounded to around 166 million TH/s on April 28.

Bitcoin hash rate over the past three months. Source: Ycharts

Cryptocurrency mining’s energy consumption has been getting more attention from regulators in recent months. Yesterday, a former government official argued that crypto mining was a major driver of the energy crisis in Kyrgyzstan. In late February, authorities of the Chinese autonomous region of Inner Mongolia proposed to shut down all crypto mining facilities by the end of April to reduce energy consumption.

Related posts

ILLUVIUM x UPLINEX Fight for ETH! $25,000+ prize pool!

1 Mins read
ILLUVIUM x UPLINEX Fight for ETH! $25,000+ prize pool! The ILLUVIUM pleased to announce the start of the next and long-awaited distribution…

Moonexbit received a $20 million investment from BlockTower Capital

2 Mins read
Why BlockTower invested in Moonexbit, how the future of cryptocurrency looks like and how you can take advantage of this opportunity BlockTower,…
AltcoinsBTCCryptoETHOther protects your money — Scheduled

2 Mins read Exchange, as bitcoin becomes more popular, more exchanges are springing up to buy, trade, and sell various cryptocurrencies. As a result, choose…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *