Rumors of Power Cancellation to Chinese Bitcoin Mining Operations Disproved

[kreslik.news]

On Tuesday, a report saying that Chinese power companies would allegedly cut off the electrical supply to Bitcoin mining rigs made its rounds on the internet. Later on the same day, however, it was revealed that the reports may have been an unintentional stretch of the truth.

The Statement was Originally Intended as an Internal Memo

The confusion began when Sichuan Electric Power company issued a public statement declaring Bitcoin mining to be an “illegal activity” and that power providers in the Sichuan province needed to cease the provision of power to Bitcoin miners or else face legal consequences. Sichuan has been ... (read more)