A district court in Beijing has rejected monetary bounty in a Bitcoin (BTC) mining contract plea against a blockchain company.

The Chaoyang District People's Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm "invalid," the S China Morning Post reported on Thursday. The plaintiff in the case reportedly paid 10 million yuan ($1.6 million) to the blockchain house for the deployment of mining machines but incurred losses on his investment.

The Beijing-based plaintiff claimed he earned just 18.5 BTC on his investment and demanded an boosted 217.17 BTC in bounty for his losses. The court rejected the plea and as well directed the Sichuan branch of the National Development and Reform Committee to look into any illegal mining going on in the province.

China started its crypto mining crackdown last summer, which resulted in the migration of some of the biggest Bitcoin mining companies from the country. China's Bitcoin hash charge per unit share roughshod from over 60% to nigh naught in the aftermath of the mining crackdown. However, fifty-fifty later on eradicating crypto mining almost completely, Beijing appear a massive policy drive against crypto trading and mining over again in September, prohibiting even small-scale operations at home and banning all foreign crypto exchanges.

China Bitcoin mining share April 2022. Source: CCAF
China Bitcoin mining share July 2022. Source: CCAF

The Beijing-led crypto crackdown policies have just become stricter since and then. Fifty-fifty though Chinese traders accept found ways to featherbed crypto trading bans on numerous occasions, crypto mining is almost extinct in people's republic of china.

The latest court case regarding a Bitcoin mining contract highlights People's republic of china's stand on crypto-related activities. It'southward sending a articulate message to the public that the judicial system won't protect or recognize crypto-related cases.