China’s Inner Mongolia seizes 10,000 mining rigs from gov’t-owned tech park
The closure marks the 45th operation for Inner Mongolia, which has been ramping up its anti-mining stance in line with the central government’s crackdown on the sector.
The closure marks the 45th operation for Inner Mongolia, which has been ramping up its anti-mining stance in line with the central government’s crackdown on the sector.
The region has proposed tough measures for those caught mining digital currencies, including social blacklisting that would deny them basic services like access to credit and even public transportation.
The Inner Mongolia Development and Reform Commission has set up a dedicated hotline and email address for locals to report any suspected block reward miner.
This week on CoinGeek Pulse, we head to the United States where the governor of the State of Nevada unveiled details of a proposed bill to create a Blockchain City.
As part of the scope to reign in energy-intensive industries, the government wants to "properly control the development scale of data centers and strictly prohibit new virtual currency mining projects."
Industry titans Bitmain and Ebang were among those listed that felt the new policy initiative's sting, according to recent reports.
Block reward miners from Chinese region of Inner Mongolia can no longer access state-subsidized power to run their operations.