Jiangsu Province takes the lead in comprehensively investigating virtual currency mining: energy consumption of mining in the province reaches up to 260,000 kWh DAILY.
China Curbs Crypto Mining
According to the official website of the Jiangsu Provincial Communications Administration, the bureau recently investigated the crypto mining activities in this province. The monitoring found that the export traffic of mining pools that carried out virtual currency activities reached 136.77 Mbps, and the total number of Internet IP addresses participating in crypto mining was 4502, which consumed more than 10 PH/s of computing power and consumed 260,000 kWh/day of electricity.
Take virtual currencies Ethereum and Bitcoin as examples, which account for a lion share of crypto mining activities in the province. The top mining cities include Suzhou, Xuzhou, and Nanjing. From the perspective of nature of IP addresses, about 21% of the people belonging to governmental agencies, universities, and enterprises, which were hacked to carry out crypto mining.
In the next step, this provincial department will continue to carry out crypto mining situation analysis, and further cooperate with relevant departments to form a "multi-dimensional, multi-level" disposal system, take actions on relevant websites and mobile applications in accordance with the law, and cooperate in tracing and cracking down on illegal virtual currency transactions.
Jiangsu has just started, and presumably other parts of China will follow suit soon. The context of this campaigning is:
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