Following the Inner Mongolia Development and Reform Commission's request for comprehensive clearance and shutdown of virtual currency mining projects, on June 9th, Xinjiang Changji Prefecture Development and Reform Commission issued the "Notice on the immediate suspension of production and rectification of virtual currency mining enterprises." The notice stated that companies engaged in virtual “mining” must suspend production for rectification before 14:00 on June 9th, and report the suspension of production to the Changji Prefecture Development and Reform Commission.

It is understood that Zhundong, the gathering place for mining, is located in the Changji Hui Autonomous Prefecture, and the Zhundong coal field is an important part of the fourteenth large-scale coal base identified by China. According to industry analysts, if business is completely closed, the HashRate of the entire network may drop significantly. This move will inevitably have an impact on the mines deployed in Changji Prefecture, Xinjiang, but it is obviously positive for the current online miners.

Some people in the industry also said that judging from the current policy orientation, it is not good news. Because the worst news in Xinjiang is that, like Inner Mongolia, it has completely cleaned up and shut down virtual currency mining projects. Xinjiang’s statement appears to be relatively more relaxed, only rectifying rather than shutting down. However, we are still not sure whether it will be shut down after rectification.

Some industry insiders are still optimistic about the development of mining industry in Xinjiang. They believe that the main reason for the rectification of Changji Prefecture in Xinjiang is that the Zhundong area mainly uses coal power and is not environmentally friendly; but in southern Xinjiang, wind power and solar energy are almost used for mining. We are still optimistic about the Xinjiang market.

At this time when the mining industry is precarious, the mentality of the miners of RHY is relatively good. As the world's leading blockchain data center service provider, the RHY platform has invested and constructed 27 blockchain data centers in Eastern Europe, the United States, Canada, and China. The power supply scale exceeds 600MW, and the hosting scale exceeds 356,000 units, which can fully satisfy users. And RHY can adjust the mining machine and HashRate services of miners in time according to the current development of the mining industry.

dernier article