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Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

December 20, 2021 - Around 2 mins mins to read

Currently, Inner Mongolia’s economy is going through an extremely difficult and important transition to tight control of high-tech industries such as cryptocurrency mining, calcium carbide, coke, steel and electrolytic aluminum.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

Inner Mongolia has taken measures to firmly curb the blind development of the crypto mining project

“We clean up and remediate two high-level illegal projects and clearance work and implement checklists and responsibility management for 101 under construction or illegal construction projects.” Concluded two management levels across the region. Currently, 87% of the correction tasks have been completed. And let’s strive to achieve this by the end of 2021, ”said Gong Mingzhu, Director of the Autonomous Region Development and Reform Commission, emphatically a few days ago.

At the beginning of March this year, the Commission for Reform and Development of the Autonomous Region, the Ministry of Industry and Information Technology and the Ministry of Energy jointly published a communication on “A series of safety precautions to ensure the completion of dual energy consumption”. 14th Five-year plan “, Redline for the” Zwei Zinnen “project: construction projects that violate the regulations will be stopped.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

If a continuation of the construction is absolutely necessary, they should be involved in the management of the energy budget of the region in order to meet the requirements of the dual target of regional energy consumption and only after energy consumption indicators have been established, sanctions have been implemented and appropriate procedures have been completed. Keep building. All construction and production projects that violate the regulations will be withdrawn from production and will not be able to resume production until the energy consumption targets have been met, sanctions have been imposed and the relevant procedures have been completed.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

Tightly control the rise of two large projects and optimize the source of goods. The entire district promotes energy-saving industrial transformation, conducts energy-saving diagnostics for more than 500 high-level industrial companies, develops and implements an annual plan to transition to energy-saving technologies in order to achieve advanced national values. Standard energy consumption quota for the energy consumption of the unit product after conversion. The countdown for projects like the energy-saving transformation of 12 million kilowatt coal-fired power plants has begun. The crypto mining project has been completely removed and banned, 49 crypto mining projects have been closed in the region and 186 mining IP key lists identified during tracking have been dynamically deleted.

# Cryptocurrencies

China

crypto

IPs

Mongolia

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Blockchain

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

Currently, Inner Mongolia’s economy is going through an extremely difficult and important transition to tight control of high-tech industries such as cryptocurrency mining, calcium carbide, coke, steel and electrolytic aluminum.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

Inner Mongolia has taken measures to firmly curb the blind development of the crypto mining project

“We clean up and remediate two high-level illegal projects and clearance work and implement checklists and responsibility management for 101 under construction or illegal construction projects.” Concluded two management levels across the region. Currently, 87% of the correction tasks have been completed. And let’s strive to achieve this by the end of 2021, ”said Gong Mingzhu, Director of the Autonomous Region Development and Reform Commission, emphatically a few days ago.

At the beginning of March this year, the Commission for Reform and Development of the Autonomous Region, the Ministry of Industry and Information Technology and the Ministry of Energy jointly published a communication on “A series of safety precautions to ensure the completion of dual energy consumption”. 14th Five-year plan “, Redline for the” Zwei Zinnen “project: construction projects that violate the regulations will be stopped.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

If a continuation of the construction is absolutely necessary, they should be involved in the management of the energy budget of the region in order to meet the requirements of the dual target of regional energy consumption and only after energy consumption indicators have been established, sanctions have been implemented and appropriate procedures have been completed. Keep building. All construction and production projects that violate the regulations will be withdrawn from production and will not be able to resume production until the energy consumption targets have been met, sanctions have been imposed and the relevant procedures have been completed.

Inner Mongolia in China: 49 projects and 186 network IPs related to cryptocurrency mining were closed

Tightly control the rise of two large projects and optimize the source of goods. The entire district promotes energy-saving industrial transformation, conducts energy-saving diagnostics for more than 500 high-level industrial companies, develops and implements an annual plan to transition to energy-saving technologies in order to achieve advanced national values. Standard energy consumption quota for the energy consumption of the unit product after conversion. The countdown for projects like the energy-saving transformation of 12 million kilowatt coal-fired power plants has begun. The crypto mining project has been completely removed and banned, 49 crypto mining projects have been closed in the region and 186 mining IP key lists identified during tracking have been dynamically deleted.

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