On December 3, the Hainan Provincial Development and Reform Commission issued the "Notice on Issues Concerning the Implementation of Differential Electricity Price Policy for Virtual Currency "Mining" Electricity", and decided to classify virtual currency "mining" activities as an outdated industry, and implement differential electricity prices and increase prices. The standard is 0.8 yuan per kilowatt-hour (per kWh of electricity).

  The "Notice" proposes to strengthen the supervision of power market order, strengthen the screening of users who directly participate in power market transactions, and do not allow virtual currency "mining" users to directly participate in power market transactions in any name, and virtual currency "mining" is not allowed Users enjoy the power market concessions in any way.

Virtual currency “mining” users who have directly participated in power market transactions need to withdraw within a time limit and switch to power grid companies to purchase electricity on behalf of other users (because it is a policy exit, the price is not 1.5 times the power purchase price of other users on behalf of grid companies implement).

  The "Notice" requires Hainan Power Grid Corporation to make careful arrangements to ensure that the differential electricity price policy is strictly implemented, and to charge users of virtual currency "mining" in time and in full.

(Wei An, CCTV reporter, CCTV)