Auto Added by WPeMatico

Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower

The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According to regional reports, a number of enterprises that mine bitcoin have been approved to leverage hydropower consumption in the province. Last April, news.Bitcoin.com reported on the local government of Ya’an city, in China’s Sichuan province, revealing that it wanted bitcoin miners to leverage the cheap electricity offered by the region’s rich hydropower resources. The…

Continue Reading Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower

End of content

No more pages to load