Power plants can't mine from virtual currency

Recently, bitcoin and Ethereum's two major digital currencies have gone up and down, which has led to a new upsurge in mining. However, the waste of electricity in mining has also become a hidden danger. Inner Mongolia officially announced today that all virtual currency mining projects will be closed at the end of April. The development and Reform Commission of the Inner Mongolia Autonomous Region recently issued the "on ensuring the completion of & lt; The fourteenth five year plan; It is planned to comprehensively clean up and shut down the virtual currency mining projects, withdraw all of them before the end of April, and prohibit the construction of new virtual currency mining projects. Inner Mongolia has set the goal of double control of energy consumption in 2021, that is, the energy consumption per unit GDP will decrease by 3%, the increment of energy consumption will be controlled at about 5 million tons of standard coal, the growth rate of total energy consumption will be controlled at about 1.9%, and the energy consumption per unit instrial added value (equivalent value) will decrease by more than 4%. The consultation period is from February 25, 2021 to March 3, 2021{ RRRRR}

according to 2020 data, the power consumption of a single bitcoin transaction is equivalent to that of a British family in the past two months. According to researchers at Cambridge University, bitcoin consumes about 121.36 billion kilowatt hours (TWH) of electricity a year, which is unlikely to decrease unless the value of bitcoin declines

121.36 billion kilowatt hours (TWH)? By comparison, bitcoin's annual power consumption exceeded that of Argentina, the Netherlands and the United Arab Emirates, and approached that of Norway. Enough to see, the virtual currency mining project is really electricity consuming

China's Inner Mongolia Autonomous Region Development and Reform Commission recently issued a document saying that it is strictly forbidden to build new virtual currency mining projects, and plans to comprehensively clean up and shut down virtual currency mining projects by the end of April 2021. Singapore's Lianhe Zaobao reported on the 2nd that Inner Mongolia is popular in the virtual currency instry because of its low-cost electricity, which has triggered concerns that China will take more measures to ban high-energy virtual currency mining activities. After the news was reported by the international media, the price of bitcoin rose by 6% on Monday. As of the press release on the evening of the 2nd, bitcoin was at $48672.3{ RRRRR}