Chinese Power Provider Denies Bitcoin Mining Ban

in bitcoin •  7 years ago 

A state-owned electric utility in China is rebuffing rumors that bitcoin mining has been deemed illegal by the government.

Rumors spread in the past day – based on a circulated document – indicating that the country's State Grid was moving to ban bitcoin mining at a county level in Sichuan province, an ostensibly notable development given the area's abundant water supply for electricity generation and the fact that profit-chasing bitcoin miners are headquartered in the region.
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