Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressurelocal authorities to scale down their operations due to electricity shortages.

On Dec. 29, the Asia Times reported that during the dry season, which extends from October through April, the electricity supply drops drastically in Southwest China, which is why local authorities are tightening the screws on mining companies to scale down their operations.

Bitcoin farms tolerated during wet seasons only

Bitcoin mining companies are officially prohibited but are tolerated in the Sichuan province during the wet seasons when hydropower stations generate more electricity than is required, utilizing the excess energy thanks to East Asia’s plum rain.

However, during the dry season, the local authorities attempt to assure sufficient power supply for residents and local businesses and therefore redirect their focus on the regional Bitcoin farms, who use excessive amounts of electricity to run their mining rigs.