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Bitcoin miners (BTC) in Sichuan province in China are reportedly under local authority to reduce their operations due to lack of electricity. On December 29, the Asia Times reported that during the dry season, which expanded from October to April, power supplies dropped dramatically in Southwest China, which is why the local government tightened screws on mining companies to reduce their operations. The mining company Bitcoin is officially banned but tolerated in Sichuan province during the rainy season when hydroelectric power plants produce more electricity than is needed, utilizing excess energy thanks to East Asian rain. However, during the dry season, local authorities try to ensure adequate power supplies for local residents and businesses and therefore redirect their focus to regional Bitcoin farming, which uses excessive amounts of electricity to run their mining rigs. The Chinese authorities are not only cracking down on BTC mining agriculture. They are also chasing power plants. Two power plants received fines of around $ 140,000 in December for providing electricity to Bitcoin miners without getting a power license. China, whose BTC miners are currently responsible for 66% of the global hash rate, continues to struggle against the illegal use of energy by crypto miners. In mid-November, regulators in the Inner Mongolia China Autonomous Region tightened their grip on the crypto mining company, sending an inspection unit to ensure the cleaning and repair of crypto mining companies in the region. In December, Chinese authorities seized nearly 7,000 crypto mining machines, illegally consuming electricity. The seizure occurred as part of an inspection of more than 70,000 households, 3,061 traders, 1,470 communities, as well as factories, mines, yards and villages in the Kaiping District, Tangshan City. What do you think, give your opinion about the reduction of Bitcoin mining operations due to lack of electricity?
Hi i was just curious to know is mining still that profitable as it was 3 years ago and will it yield good income if we purchase the best miner available right now? P.S I had an antminer s9 14th bought back in 2017 and it was doing quite good until the bitcoin went straight down from its ATH, after that i was not able to recover even my electricity cost associated with the miner At that time i was earning around $30 Per Day and i almost had a break even but suddenly everything went upside down so i was just curious to know if anyone out here is using a miner and is it making him enough money to cover his costs
Beware of anything that looks to good to be true... We have all grown up with some sort of warning of this nature and you should apply it to mining profits from HYIP miners. You know the ones that promise 14 day ROI and profits forever. If you were to just step back and think it through, you immediately get the feeling, yeah, that can not be right. Case Study as of late is NovaHash.net The site, which as of this writing is still active, but not paying, is one of these Too Good to be true stories.
Hello my friends I will refer to a 100% guaranteed investment site that has a mining farm on the ground, not like these fake sites. The site gives you between 1% to 3% as this last daily profits make it guaranteed You can deposit in many popular digital currencies, such as the dollar and the euro The minimum deposit is $ 5 The site guides you as the beginning of $ 3 to start mining Website link VIXES
Hello everyone, I am a newbie and wants to know how Crypto currency works. i know there have been a lot of discussions in this site however I am still having a hard time understanding them. I wish someone can explain this to me in a simplier form. Also, can someone suggest a best app or website for bitcoin mining or earning? Lastly, can you also suggest an earning app. Thank you so much.