Chinese Authorities Crack Down on Bitcoin Miners

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When electricity is in ample supply during the rainy season, Chinese authorities often overlook the activities of Bitcoin miners in Southwest China. Local authorities have become more strict due to the drop in the electricity supply which occurs during the dry season ( October to April).

Many mining companies have been warned to scale down the mining operations during these months. Some companies have faced large fines in an effort to force compliance.



Posted from my blog with SteemPress : http://cryptohodl.group/chinese-authorities-crack-down-on-bitcoin-miners/

Chinese Authorities Crack Down on Bitcoin Miners | Ecency