According to a new research issued on June 3 by a central leadership group for ecological and environmental inspection work (XPCC), ecological and environmental problems remain prominent and unresolved in some regions of the Xinjiang Uygur Autonomous Region and the Xinjiang Production and Construction Corps. It is stated that many corporations have prioritised development while ignoring environmental consequences and implementing projects without “failing to oversee and regulate them.”
According to the report, since 2018, the Zhundong Economic and Technological Development Zone has attracted investment and hosted “six illicit high-energy-consuming virtual currency mining firms.”
The inspection team discovered that several towns and departments lack the essential awareness of the autonomous regions’ need for ecological and environmental preservation.
Due to its ample fossil fuel and hydroelectric electricity, the Chinese region of Xinjiang has traditionally been one of the country’s primary Bitcoin mining centres.
Crypto mining was outlawed in China in May 2021 because of environmental concerns. This resulted in a huge exodus of the bitcoin mining sector, which began looking for other locations to set up operations. Following the China crackdown on mining operations, numerous industrial parks in the area were told to shut down. In June of last year, the Zhundong development park got a letter requiring them to cease activities immediately.
Bitcoin mining in China continues in secret, despite the severe restrictions. According to a recent report by the Cambridge Centre for Alternative Finance (CCAF), the country has made a return in the field and now accounts for 21% of all Bitcoin produced globally, second only to the United States.
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