Mapping virtual currency “mining”, Sichuan Energy Supervision Office next week held a small-scale research symposium

The Sichuan Regulatory Office of the National Energy Administration has issued a notice that it will hold a small-scale research symposium on the morning of June 2.

Mapping virtual currency "mining", Sichuan Energy Supervision Office next week held a small-scale research symposium

In order to map the situation related to virtual currency “mining” in Sichuan, Surfing News learned that the Sichuan Regulatory Office of the National Energy Administration has issued a notice and will hold a small-scale research forum on the morning of June 2.

On May 27, the surging news learned of a meeting notice shows that, according to the relevant requirements of the National Energy Administration, in order to fully understand the situation related to virtual currency “mining” in Sichuan, the Sichuan Energy Regulatory Office decided to organize a research symposium. The notice of the meeting was sent to the scope of the State Grid Sichuan Electric Power Company, Sichuan Energy Investment Group, Sichuan Power Trading Center and State Grid Sichuan Integrated Energy Service Company.

One of the meeting content is, sichuan power company, sichuan energy investment group respectively report their respective supply area virtual currency “mining” and related recommendations, shut down virtual currency “mining” on the impact of this year sichuan abandoned hydropower volume analysis.

In addition, according to the meeting arrangements, the Sichuan power trading center will report the hydropower consumption demonstration area of big data enterprises to participate in market transactions and related recommendations; power sales company to report the agency big data enterprises to participate in market transactions and related recommendations.

A staff member of Sichuan Energy Supervision Office confirmed the authenticity of the meeting notice to the surging news, and stressed that “only a small-scale understanding of the situation first, for the follow-up action has not yet formed a specific tendency and ideas.”

May 21, the State Council Financial Stability Development Committee held its fifty-first meeting, pointed out that we must resolutely prevent and control financial risks. Adhere to the bottom-line thinking, strengthen the financial risk all-round scanning and early warning, promote the reform of small and medium-sized financial institutions to transform the risk, focus on reducing credit risk, strengthen the supervision of financial activities of platform enterprises, crack down on bitcoin mining and trading practices, and resolutely prevent the transmission of individual risks to the social sector.

It is noteworthy that this is the first time the Finance Committee proposed to crack down on bitcoin mining and trading practices.

A few days later, Inner Mongolia’s heavy-handed crackdown on virtual currency “mining” was upgraded again, and on May 25, the Inner Mongolia Development and Reform Commission published “Eight Measures to Resolutely Combat and Discipline Virtual Currency “Mining” (Draft for Comments)”, which imposed on industrial parks, data centers, captive power plants and other entities. The data center, self-provided power plants and other entities to provide sites, electricity support for virtual currency “mining” enterprises, reduce the energy consumption budget indicators; there is deliberately concealed not to report, the withdrawal and shutdown is not timely, the approval and supervision is not effective, according to the relevant laws and regulations and party regulations to seriously pursue responsibility.

According to the Huaxia Times, on May 14, the State Grid Sichuan Aba State Electric Power Co., Ltd. also issued a power outage notification of power restrictions. The notice shows that since May, Sichuan power grid load continues to grow at a high rate, coupled with low water supply, shortage of coal supply, power supply form is very serious. The relevant departments at the provincial level, the plan is to May 16 on the hydropower consumption demonstration area in all large data users to implement temporary all-day power restrictions, restore time depending on the supply and demand situation to be notified.

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