Sichuan Notice May Impact Bitcoin Hash Rate


According to local news outlet China Times, the state grid in Sichuan’s Aba county issued a notice on May 16 demanding energy-intensive enterprises in the area to temporarily cut down their power consumption, effectively rationing energy usage of any bitcoin mining operations in the region.

The local government set up the Sichuan hydropower grid to attract power-intensive industries to utilize excess electricity produced by the heavy regional rains during the Southwestern Chinese summer. Consequently, the region has become a hotbed for bitcoin mining operations and many mining farms are usually transferred from Northern fossil fuel power plants to Sichuan to take advantage of energy excesses.

But this year’s unusually warm month of May, coupled with the current low volume of rain in the area, results in a rapid increase in electricity demand from the general public — taking a toll on the grid’s power supply capacity.

As a result, the state grid has demanded that enterprises cut down on their energy consumption until further notice. Therefore, Bitcoin mining operations, which are abundant in Sichuan for its highly available and inexpensive hydroelectricity, have been operating with limited capacity since that state grid request.

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