Regulators in China’s Yunnan province have issued stringent warnings to hydroelectric power plants against supplying electricity to miners.
According to a local media publication, the Yingjiang County People’s Government Office has sent a notice to hydroelectric power plants to strengthen its oversight of bitcoin mining operations.
The notice says the hydropower plants must shut off mining companies from their power systems by August 24 and cut off “illegal” power supplies. After the expiration of the specified period, the provincial authorities plan to “forcefully stop” the supply of electricity to the BTC mining enterprises within their jurisdiction.
In addition, the hydroelectric power plants will have to report to the National Development and Reform Commission of China (NDRC) after the decommissioning of mining companies. With this information, the NDRC will help Yingjiang County step up law enforcement efforts to ensure that all illegal electricity supplies to miners are completely stopped.
The Yunnan Provincial Energy Bureau previously stated that bitcoin miners rely heavily on “unauthorized private access to electricity, evade government transmission and distribution fees, and commit additional profit-related violations.”
Previously, similar bans on mining were introduced in the provinces of Sichuan, Xinjiang, Inner Mongolia, Qinghai and Anhui. As a result of China’s prohibitive cryptocurrency mining policy, the share of Chinese miners in the total Bitcoin hash rate dropped to 46.04%. Chinese miners have begun to move their businesses to more friendly jurisdictions – the United States, Kazakhstan and Russia.
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