Chinese Electricity Provider Messes with Bitcoin Miners

Chinese Electricity Company deny service to their customers who practice Bitcoin mining

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According to local Caixin and other multiple resources, Sichuan Electric Power Company sent a confusing notice to clients. The notice informed them that the Chinese electricity provider, deny service to “illegal” Bitcoin miners.

The company made clear that Bitcoin mining is illegal in China and it should stop right now.

Later, local news resource cnLedger claimed that the CEO was confused about legality issues and he had retracted the statement. CnLedger wrote on Twitter:

“The head of that company has clarified that they made mistakes in the statement, as they are not a government administrative department, and have no rights to determine whether Bitcoin mining is illegal.”

Many caught by surprise hearing the news of a potential ban on mining in China. Apart from the country’s outlawing of Bitcoin-to-fiat exchanges and ICOs, mining continued as normal.

In addition, Bitcoin’s thought leaders have made statements that state-sponsored handshaking is so deeply entrenched in the industry that it would unlikely to disappear.

The reason behind this week’s notice still remains unclear. If not illegal, any further reshaping of China’s mining landscape remains to be clarified.

Furthermore, Bitmain CEO Jihan Wu skipped the Hong Kong Ethereum Classic Summit, because of the events were dismissed online as fake news.

Also for more news about the cryptocurrency industry, check previous posts on cryptona

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