Authorities cut electricity to Bitcoin miners in Yunnan province of China

Authorities cut electricity to Bitcoin miners in Yunnan province of China

According to local media reports, electricity producers in Yunnan, China's fourth-largest province, were ordered not to power crypto mines.

Official sources from Baoshan city in China's Yunnan province have stepped up efforts to stop Bitcoin miners by ordering electricity producers to stop powering the city's miners.

While the correlation is far from causality, the ban seems to coincide with a 24-hour drop in the global hash rate of roughly 10% from 140 exahash per second to 125 EX / s.

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