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The "crackdown" by the Chinese authorities on the metal bitcoin will not cause them to be banned, but will rather focus on getting rid of their own treatment in the local provinces. Where Ciaxin reported that unlike rumors on Wednesday, the Chinese authorities have not asked the metal bitcoin to close their operations in the country. China is home to about two-thirds of the retail price of mining operations in Sichuan Province and autonomous regions of Inner Mongolia, which provide cheap hydropower and lower temperatures for the intensive process of energy use in digital coin mining.
A source of information on the movements of the organizers was also quoted as saying that "repression" would extend to the removal of mining centers near cheap hydropower. All preferential policies for electricity consumption, tax cuts and land use for bitcoin mining centers are under surveillance.