The highest-level meeting in Ganzi, Sichuan, supports "crypto mining" to make up for the economic losses caused by the epidemic and increase electricity support

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Wu Blockchain learned that in addition to Sichuan Ya'an's launch of the "Implementation Opinions on the Construction of a Hydropower Consumption Demonstration Zone to Support the Development of the Blockchain Industry", Ganzi Prefecture also recently held the highest-level "Blockchain Industry Development Seminar" to strongly support "crypto mining" and increase policy support in electricity, finance, taxation, financial services, etc., and defined it as a "green emerging industry" that can make up for the economic losses caused by the epidemic.

Reference article: "Exclusive: Local government issues document to support Fengshui mining, Sichuan may open up on a large scale for the first time in 18 years"

In December last year, Ganzi Prefecture held a symposium on the cleanup of Bitcoin mines in the prefecture, which attracted widespread attention and issued the "Ganzi Prefecture Work Plan for Cleaning Up and Rectifying Bitcoin Mines", which regulated the direct power supply behavior of power companies and urged power generation companies to give priority to ensuring the unified dispatching indicators and social power supply during the dry season. However, Wu Blockchain exclusively disclosed that the official affirmed the use of surplus electricity by Bitcoin mines at the meeting, as well as the cooperation between power generation and power users, and called on mining companies to actively participate in the "consumption demonstration zone" to jointly digest the surplus electricity.

According to Ganzi Daily, a symposium on blockchain industry development was held in Kangding on the 14th. The meeting analyzed the situation and difficulties faced by the development of blockchain industry in the prefecture, listened to the opinions and suggestions of enterprises and departments on the development of blockchain industry in the prefecture, and made arrangements on how to further promote the healthy and sustainable development of blockchain industry. The highest-level local leader, Secretary of the State Committee Liu Chengming, presided over the meeting and delivered a speech. Deputy Secretary of the State Committee and Governor Xiao Youcai and Deputy Secretary of the State Committee Shi Gang attended the meeting.

Liu Chengming defines blockchain as "an emerging industry that meets the requirements of green and high-quality development" and can make up for the economic losses caused by the epidemic.

He said that he has a deep understanding that the blockchain industry is an emerging industry that conforms to the positioning of the Northwest Sichuan Ecological Demonstration Zone and meets the requirements of green and high-quality development. It is of great significance for exploring the Ganzi path of "Green Water and Green Mountains are Gold and Silver Mountains", promoting the construction of hydropower consumption parks in our province, and making up for the economic losses caused by the epidemic.

Liu Chengming said that it is necessary to actively encourage and support blockchain companies to accelerate upgrading and transformation, increase policy support in electricity, finance, taxation, financial services, etc.; further strengthen the guarantee of factors such as electricity, speed up the progress of project construction, and fully promote the construction of blockchain industrial parks; it is also hoped that all types of blockchain companies will abide by national laws and regulations, consciously fulfill their social responsibilities such as environmental protection and safety responsibilities, and set an example of patriotism, dedication, law-abiding operation, entrepreneurship and innovation.

Wu said blockchain believes that Ya'an, Aba and Ganzi are the three regions with the lowest GDP ranking in Sichuan Province. They are also rich in hydropower resources. Crypto mining is one of the few industries that can bring certain income to the local area. At the same time, due to the halving of Bitcoin prices, Sichuan has rarely seen the phenomenon of many mines and little mining. Under the overall policy guidance of "hydropower consumption", various regions have even launched "policy" competitions of varying degrees to attract miners. This has positive significance for the overall compliance of the crypto mining industry.