{"id":46045,"date":"2021-07-14T10:27:44","date_gmt":"2021-07-14T07:27:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46045"},"modified":"2025-09-01T14:23:16","modified_gmt":"2025-09-01T11:23:16","slug":"chinas-largest-power-utility-orders-halt-to-cryptocurrency-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chinas-largest-power-utility-orders-halt-to-cryptocurrency-mining\/","title":{"rendered":"China&#8217;s largest power utility orders halt to cryptocurrency mining"},"content":{"rendered":"<p>The State Grid Corporation of China (SGCC) sent a notice to all regions of the country demanding that cryptocurrency mining cease, according to journalist Colin Wu.<\/p>\n<p>According to him, some regions facing power shortages have already begun implementing the order. Authorities in Anhui province said they were ready to shut down all projects related to digital-asset mining, Wu said, citing local media. Similar measures were reportedly taken by the administrations of Henan and Gansu.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Local official media in Anhui, a province in China, stated that due to power shortages, Anhui will completely clean up virtual currency mining projects. The most famous miners roast cat team, Jiang Zhuoer, etc. all graduated from USTC in Hefei. <a href=\"https:\/\/t.co\/aewwKi3jtV\">https:\/\/t.co\/aewwKi3jtV<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1415140435299688450?ref_src=twsrc%5Etfw\">July 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wu confirmed the information by Global Times, a publication affiliated with the <span data-descr=\"Communist Party of China\" class=\"old_tooltip\">CCP<\/span>. The shutdown of Bitcoin mines is linked to power-supply disruptions. According to journalists, to date nearly 90% of mining facilities in China have been shut down.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">East China\u2019s Anhui will close all local <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> mining projects amid tightening power supply, local media reported on Wed. By now, nearly 90% of <a href=\"https:\/\/twitter.com\/hashtag\/China?src=hash&#038;ref_src=twsrc%5Etfw\">#China<\/a>\u2018s <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining capacity has been shut down. <a href=\"https:\/\/t.co\/SGcK5L9j7E\">https:\/\/t.co\/SGcK5L9j7E<\/a> <a href=\"https:\/\/t.co\/Rsd1ln3zXw\">pic.twitter.com\/Rsd1ln3zXw<\/a><\/p>\n<p>\u2014 Global Times (@globaltimesnews) <a href=\"https:\/\/twitter.com\/globaltimesnews\/status\/1415153500808351746?ref_src=twsrc%5Etfw\">July 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wu also noted that SGCC is the largest electricity supplier in China, but \u201cthe notice appears to be formal\u201d.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/FoundryServices?ref_src=twsrc%5Etfw\">@FoundryServices<\/a> team continues to take market share and broke into the top 4 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> mining pools over the last 24 hours. Watch out for team <a href=\"https:\/\/twitter.com\/hashtag\/USA?src=hash&#038;ref_src=twsrc%5Etfw\">#USA<\/a> <a href=\"https:\/\/t.co\/520mEnb6zu\">pic.twitter.com\/520mEnb6zu<\/a><\/p>\n<p>\u2014 Matthew Ballensweig (@MattBallen4791) <a href=\"https:\/\/twitter.com\/MattBallen4791\/status\/1415067329113767943?ref_src=twsrc%5Etfw\">July 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In May, three associations under the People\u2019s Bank of China issued a joint notice, <a href=\"https:\/\/u1f987.com\/en\/news\/media-china-bans-support-for-cryptocurrency-related-business\">prohibiting companies from supporting cryptocurrency-related businesses<\/a>.<\/p>\n<p>In the same month, Vice Premier Liu He <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-falls-below-37000-on-news-of-chinas-mining-ban\">said the authorities planned to take measures<\/a> regarding the mining of digital assets and the trading of Bitcoin.<\/p>\n<p>Later, Xinhua News Agency <a href=\"https:\/\/u1f987.com\/en\/news\/china-criticises-bitcoin-and-mining-market-falls\">criticised digital gold and the methods of its extraction<\/a>, and authorities in several Chinese provinces ordered miners to cease operations. Among them: <a href=\"https:\/\/u1f987.com\/en\/news\/yunnan-authorities-to-ban-cryptocurrency-mining-reports-say\">Yunnan<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/sichuan-miners-ordered-to-halt-operations-by-june-20\">Sichuan<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/authorities-in-chinas-qinghai-province-order-miners-to-halt-operations\">Qinghai<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/xinjiang-residents-of-one-of-the-largest-mining-hubs-ordered-to-halt-operations\">Xinjiang<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/inner-mongolia-authorities-launch-crackdown-on-illegal-cryptocurrency-mining\">Inner Mongolia<\/a>.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Grid Corporation of China sent a notice to all regions demanding that cryptocurrency mining cease.<\/p>\n","protected":false},"author":1,"featured_media":46046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1137,1306],"class_list":["post-46045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-cryptocurrency-mining","tag-mining-ban"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46045"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46045\/revisions"}],"predecessor-version":[{"id":46047,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46045\/revisions\/46047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46046"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}