China Orders Closure Of Second-Largest Crypto Mining Region

China orders closure of second-largest mining region. Regulators in Sichuan have issued a notice to all crypto-businesses in the region, calling for a swift end to mining activity and any related activities.

The Financial Administrative of the Sichuan province of China has issued a notice to its subordinates offices to guide miners to end their mining activities in an orderly manner.

The region makes up the second-largest mining region with 9.66% of all Bitcoin hash rate generated from the region. The mountainous region, cheap electricity, access to competent workers, and naturally cool climate makes it a hotbed for Bitcoin and cryptocurrency miners.

[image: Flickr]

bitcoin
Bitcoin (BTC) $ 16,413.43 1.51%
ethereum
Ethereum (ETH) $ 1,211.12 3.82%
tether
Tether (USDT) $ 1.00 0.11%
bnb
BNB (BNB) $ 299.01 1.67%
usd-coin
USD Coin (USDC) $ 1.00 0.12%
binance-usd
Binance USD (BUSD) $ 1.00 0.09%
xrp
XRP (XRP) $ 0.391958 2.58%
dogecoin
Dogecoin (DOGE) $ 0.101112 7.63%
cardano
Cardano (ADA) $ 0.307983 0.61%
matic-network
Polygon (MATIC) $ 0.834962 1.83%
S&P 500  ^GSPC 
$3,947.87  $16.07  (-0.41%)
Dow Jones Industrial Average  ^DJI 
$33,747.11  $102.35  (-0.30%)
NASDAQ Composite  ^IXIC 
$10,983.61  $65.89  (-0.60%)
Russell 2000  ^RUT 
$1,839.06  $8.09  (0.44%)
Crude Oil Jan 23  F*CL.NYM 
$78.45  $1.21  (1.57%)
   
$0.0000  $0.0000  (0.00%)