Last June, the Chinese government brought cryptocurrencies to their knees, closing almost all of the operations of mining di Bitcoin. Following these new and severe restrictions, many Chinese miners have decided to expatriate to other countries such as Germany, Kazakhstan they USA to continue carrying out operations. Some of these for would seem remained in China and they would still be mining cryptocurrencies despite the blockade.
The news, reported by Bloomberg, says that in the last month, the Chinese government is standing controlling the illegal mining of Bitcoin within laboratories, research institutes, data centers and even within universities.
A Chinese Bitcoin miner who preferred to remain anonymous for obvious reasons stated that he continues to proceed with his production by moving his equipment (no more than 100 computers) to different facilities on a regular basis. So for the authorities it is more complicated identify the abnormal increase in energy consumption.
The government has said it will start a system for regularly monitor and follow IT activities in the next month. Anyone who violates the restrictions will be stung and internet connections will be interrupted. In conclusion, “hidden” miners in China are warned given that the government does not see possible glimmers of reopening, quite the contrary.
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