Chinese crackdowns on Bitcoin mining operations across the country have forced many miners to search for a new home. Over the recent months, the United States is emerging as the most likely destination for Bitcoin miners, as the abundance of renewable energy sources and cheap gas prices makes mining in the country very enticing.
In the last few months, they have been growing concerns over the amount of energy expended in the mining of Bitcoin. Tesla CEO Elon Musk started this chain of events after he mentioned that he was concerned about the energy sources that are being used to mine Bitcoin. While that is by the side, the Sichuan province of China is cracking down heavily on Bitcoin mining across the region. In the report shared by PA News, the Science and Technology Bureau and the Energy Bureau of Sichuan Ya’an have ordered that mining operations need to be shut down by June 25.