Many of the Sichuan miners who are dedicated to mining Bitcoin are stopped, due to regulatory changes in the area and the lack of clear regulation by the central government.

There are areas of China that do not have an economic power and are basically rural, and one of these regions is Sichuan, with important mining farms concentrated in this area. Apparently, the companies that are dedicated to the mining of Bitcoin in this locality have been forced to leave the area and locate elsewhere, due to legislative problems related to the mining of digital currencies in that region. The law has been dictated by government authorities in the province, which is the third most populated area in China.

Officials in the area speak that a new regulatory system is being developed, which poses an important challenge, because the central government has not postulated in the economic policy regarding cryptocurrencies, but also, local governments cannot legislate on this issue, which is an added problem. Sichuan is one of the most important mining centers, highly valued by investors and businessmen, due to the hydrographic potential of the area. This makes it possible to offer an abundant hydraulic electricity production in the area, being the most economical generation system today. The reduction of costs, allows to reduce the costs for the development of Bitcoin mines.

We must take into account at this time the situation of Bitcoin. This cryptocurrency has practically tripled in value during the six months of the year and this stoppage could affect its strength in the market, causing a fall. The Bitcoin valuation increase is based on China's permission to trade Bitcoin again, allowing the withdrawal and deposits of cryptocurrencies in the main exchange houses of China, such as OkChain and Huobi.

It should be noted that there is no significant relationship between mining and financial risks within the Bitcoin market. The stoppage of activities and the subsequent relocation of the miners should not be related to the legal vacuum evidenced in China. The Central Bank will issue a regulation that would not be valid for the mining industry, which is growing, but would regulate the use of Bitcoin for financing, exchange and measures against money laundering.