China’s bitcoin miners have been in limbo since Beijing shut down exchanges in September 2017.
In these days, they may be on an emotional roller coaster as rumor goes that bitcoin mining farms in China shall be shut down within a time limit upon China central bank’s closed-door meeting on January 3, which soon drew great attention with panics.
While according to an insider, the said closed-door meeting did not demand all bitcoin mining farms be shut down, but to regularize those mining farms with abnormal power use or stealing electricity. A bitcoin mining farm owner from Sichuan also revealed that the country is currently conducting strict investigating, it is required that bitcoin mining farms shall go through business registration and power use be regulated.
A source told the Paper News...
http://news.8btc.com/china-authority-to-contain-bitcoin-mining-by-limiting-power-supply
