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China continues to hunt underground Bitcoin miners

China continues to search for Bitcoin miners in hiding to terminate their operations immediately, according to measures that the authorities continue to take.

The province of Jiangsu, in the east of the country, announced today in a statement that would shut down mining operations for Bitcoin and other cryptocurrencies in its territory .

The Jiangsu Communications Administration (YMCA) stated today that will apply regulatory measures to those miners who, in their presumption, are still operating camouflaged in data centers ( data centers ).

The mining farms would be located in cities such as Suzhou, Xuzhou and Nanjing, the capital city of Jiangsu province, reads the announcement published today October 8, 2021.

The measure is does in response to a notification from the National Development and Reform Commission of China that was published on September 24, and where this institution included cryptocurrency mining days on your banned industries list.

The availability of hydroelectric power at a low price is favors the exercise of mining in China. Source: Wikipedia.

Evidence of clandestine mining of Bitcoin in China

According to the statement of the ACJ, have identified a traffic of 136.77 megabits per second (mbps) that would be related to Bitcoin mining farms, while they have identified 4,502 IP addresses involved .

Processing power, measured in hash rate per second, stands at 10 petahashes , while energy consumption is at 260,000 kilowatts per hour (kWh) per day , according to the YMCA.

China has been tightening its bans against Bitcoin and mining, which has spawned a new exodus of miners in recent weeks. Equipment has even been confiscated and access to cryptocurrency-related websites has been blocked.

In CriptoNoticias we have reported how this could have to do with a possible energy crisis that prevents China from sustaining the mining of Bitcoin and cryptocurrencies, an intensive activity in Regarding electricity consumption.

This medium also reported how still 130 nodes of the Bitcoin network were located in China. Even though the industry is fleeing the country, Bitcoin is still hard to kill .

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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