Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower

A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.

Ya’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of Bitcoin network’s computing power, has recently issued a public guidance – likely in its first – to seize the “strategic opportunity of the blockchain sector” so that they can help consume the area’s excessive hydropower electricity.

Although not specifically mentioned in the guidance, bitcoin mining is an activity in the blockchain industry that is notable for its reliance on the intensive usage of electricity.

According to a local daily’s report on April 20, the government seeks to make the city a high-quality example for consuming excessive hydropower electricity and build itself into “an impactful blockchain industry hub” in the country.

The Ya’an city’s guidance also…