The report also found that, with the benefit of local communications, it may be possible to consume energy at a lower cost than some mining facilities. In addition, Wednesday's closed-door meeting between the People's Bank of China (PBOC) and members of the big regulator of Internet finance saw authorities move to regulate the use of electricity by some of the metals in the bitcoin network.
He also asked local government officials to investigate "non-standard uses of electricity" after concerns that high energy consumption could affect the natural use of electricity in the region in some cases. To oversee these constraints, the National Development and Reform Commission will participate as the country's energy supply regulator. As mentioned earlier, the "crackdown" on bitcoin mining in China could be more useful to the bitcoin system by making the country's key bitcoin fragmentation rates decentralized.