Chinese Bitcoin Miners Hold Energy Conference

Chinese Bitcoin Miners Hold Energy Conference

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Bitmain, currently the largest miner, held a semi-private event in Chengdu, one of southwest China’s provincial capital with almost 15 million inhabitants, where representatives from “Inner Mongolia, Yunnan, Sichuan and other government agencies” were invited to “share power grid and local power resources.”

Representatives from local governments were in attendance with speeches given on behalf of the government of Inner Mongolia and at least seven electricity companies from Sichuan and other Chinese regions.

Bitmain Holds Energy Conference

Bitmain Holds Energy Conference. Image credit:

They were invited to offer cheap electricity to attract investment from Bitcoin miners which are currently mostly in China with 82% of hashare now concentrated in the world’s second biggest economy.

Discussing topics included hydropower, wind energy, power tariff terms, specific mining co-operations, as well as the showcasing of Bitmain’s latest miner, S9, which is said to be the most advanced mining gear currently in operation.

The event was held on halving day which seems to have transformed the mining landscape, with Bitfury’s hash share halved while BW’s has almost doubled,

Read more ... source: TheBitcoinNews

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