It is said online that Xinjiang shut down all mines overnight. Employees: Not sure if it is true or not

It is said online that Xinjiang shut down all mines overnight. Employees: Not sure if it is true or not

Babbitt News: In the early morning of the 2nd, a Weibo user posted that a meeting was held overnight and Xinjiang issued a policy to shut down all mines. It is uncertain whether they can be reopened in the future. The reason for the closure is mainly related to energy consumption. The mines lack energy consumption assessment and other procedures. Whether they can make up for it is one thing, but if they can't make up for it, they will all be shut down. The Weibo user further stated that the problem mainly lies in the energy consumption assessment procedures. There may be a meeting later, but they must be shut down in the short term.

Judging from the content of the Weibo screenshot, there are some contradictions in its statement. For example, this may not involve the whole Xinjiang, but Changji Prefecture in Xinjiang. For example, the poster himself said that the specific measures are still unclear.
According to feedback from mining practitioners in Xinjiang, it is unknown whether the screenshots are real or not. Some people also reported that it does not look real. Others mentioned that the poster mentioned that the suspension of production is necessary and the gesture is expressed first. If it is just a gesture, then the Weibo post is equivalent to saying nothing. The article also mentioned that the problem is just the lack of procedures, which means that the procedures can be completed.
In fact, after the State Council issued the document, the mining industry was in a state of panic. Currently, mining practitioners are generally waiting for specific policies to be implemented.
For example, on June 2, the Sichuan Regulatory Office of the National Energy Administration will hold a research seminar on virtual currency "mining", which is considered very important by mining practitioners and may affect Sichuan's subsequent mining policies.
At present, China's mining industry is mainly hydropower and thermal power. Yunnan, Guizhou and Sichuan are hydropower, while Inner Mongolia and Xinjiang are mostly thermal power. From the perspective of carbon neutrality policy, thermal power has a greater impact. According to data from the BTC.com website, on May 30, the difficulty of Bitcoin mining was reduced by nearly 16%, which means that the computing power of the entire network has dropped significantly in the past 14 days. It is expected that the next difficulty adjustment will still drop by about 15%. This means that China's mining policy has indeed had a significant impact on China's Bitcoin mining. But in any case, except for Inner Mongolia, no specific mining policies have been implemented in various places. However, practitioners reported that the State Council held a meeting, and it is impossible that there was no movement, and it is impossible that there was little movement. The situation in Xinjiang is indeed quite serious.

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