Sichuan electricity shortfall affecting Chinese Bitcoin miners

The authorities are squeezing Chinese Bitcoin miners in Sichuan due to a crippling electricity shortfall. The hub of Bitcoin mining in China, Sichuan province, is experiencing severe crackdown by the authorities as they grapple with electricity outages. Bitcoin mining involves huge electricity consumptions, and Chinese regulators are forcing them to shut down operations. The advent of the dry season in Southwest China making the matter difficult for the Chinese Bitcoin miners. The electricity regulator has forecast a rise in electricity consumption in the residential and commercial centres. Their priority would be to cater to these sectors first and then serve