Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it.
Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators
As first reported by Reuters, the Beijing Municipal Bureau of Economy and Information Technology was the entity that ordered the checks on the city’s data centers.
In the first instance, they wanted to verify if these companies are involved in bitcoin (BTC) and other cryptocurrency mining businesses by sending an “Emergency Notice Concerning the Data Center Involving Bitcoin and Other Cryptocurrency Mining Businesses in Our City’s Data Centers.”
According to an unnamed source cited by Reuters, the notice also targeted three of the biggest telecommunications operators in China.
The measure took place on Tuesday, and then state media Pengpai confirmed the news on Thursday. Furthermore, the bureau