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Learning & News => News related to Crypto => Topic started by: CryptoGirl on January 06, 2018, 02:04:32 PM

Title: China : Bitcoin Miners will have less cheap electricity
Post by: CryptoGirl on January 06, 2018, 02:04:32 PM

The People’s Bank of China (PBOC) intends to enforce local regulators to monitor and even restrict the power use of miners in certain regions of China.

A source says the PBOC outlined the plans at a closed-door meeting on Wednesday Jan. 3, as the country makes plans to transfer surplus energy to regions of the country that have higher electricity demands.

https://www.bloomberg.com/news/articles/2018-01-03/china-is-said-to-curb-electricity-supply-for-some-bitcoin-miners