Sichuan province is one of the popular province of China, among bitcoin miners. A local politician is that they have to make to keep it that way. That is, it became clear after a meeting of a study group of the Sichuan province.
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Bitcoin mining
Yang Jiang is a former vice-chairman of the China Securities Regulatory Commission, and is now thought to join with the county on the growth rate of the industry in the region. The combination of hydroelectric power, and the mining of BTC is in accordance with to Arrange an interesting way to promote it in the region.
Bitcoin mining has become big business. According to Jiang, is as much as 70% of the new bitcoin is mined in Sichuan province. The politician is called to be no clear source for the claim. Earlier this year, researchers from the Coinshares with a number according to them is one-half of all miningkracht of the network in the region.
Cheap
The hydroelectric power within Sichuan province, is dirt cheap. Therefore, it is very interesting to be here as an entrepreneur, one has to sit down. As the largest structural expenditure in the mining of a bitcoin is, after all, the energy.
The statements of the jin Jiang will not be binding. But a strong mind is, to the outside, shortly after that, in the capital city of Sichuan province, Chengdu, china, for a meeting to discuss the hydroelectric power in the province was conducted.
There, we were looking for a way to make it better and more efficiently. A form of this bitcoin mining may have been.
Mining
Although the Sichuan province is a large percentage of the mining power it has, business is also expanding in other parts of the world. Lately, Texas is in demand.
As a co-founder of PayPal, is investing $50 million in Bitcoin mining in Texas, while Bitcoin (BTC) mining, farm, Texas, and opened to 130,000 m2 for the equipment.
The battle for the final 3 million in BTC is going. Earlier this month, the 18-millionth of a bitcoin on the market.
Source:: Coindesk
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