The Middle Kingdom’s authoritarian rulers are not keen on the likes of Bitcoin and Ethereum, saying the currencies have no inherent value and can be manipulated, making them a poor investment.
Both old and new models of GPUs have declined in price.
Prices rise slightly to over $40,000 a coin in mid-June but have been heading south ever since and are now standing at around $31,713.
The Chinese government isn’t a fan of anything it can’t quite control, and in a bid to prevent the crypto market from growing it ordered multiple Bitcoin mines across Sichuan Xinjiang to close down.
The company said it expects the facility to be fully operational by the end of 2023, and produce in the region of 450,000 300mm wafers annually.
The new foundry would include 23,000m2 of cleanroom space and new administrative offices, in the process creating 1,000 new jobs.
Another is compliance with core-based licensing: HPE execs told The Register they’re aware that some customers occasionally run workloads on machines that pack more cores than they’ve paid to use.