Bitmain is sending Bitcoin to a mining machine to mainland china
Bitmain is sending Bitcoin to a mining machine to mainland china
Bitmain-one of the world's largest manufacturers of Bitcoin mining machines-announced that he would no longer deliver crypto mining rigs on addresses on the Chinese mainland. However, the company would continue to deliver its products overseas.
The crypto ban has reached Bitmain
The Chinese approach to mining and trading cryptocurrencies has also affected Bitmain. The Beijing company announced on his WEChat account that the shipping Antminer crypto mining rigs will be discontinued at addresses in China from October 11th. Nevertheless, Bitmain will continue to serve customers based in Hong Kong and Taiwan.
"The laws and regulations of the locations of the companies of the company strictly comply with the work principle that Bitmain has always adhered to. From October 11, 2021, Antminer will hire shipping to Festlandchina (except Hong Kong and Taiwan).
For customers on the Chinese mainland who bought long -term products, our employees will contact you to offer alternative solutions. ”
The great mining producer added that the new guideline had no impact on customers in overseas markets. According to the announcement, the Bitmain team "hard to ensure the supply of customers around the world". For this reason, the company has increased its production capacity for modular mining containers-Antbox-
The decision of Bitmain to withdraw from the Chinese market appears logical, since the local authorities performed large surgery in the inner Mongolia last month confiscated 10.100 mining-rigs. This was the 45th such confiscation in this province, while Sichuan, Yunnan, Xinjiang and Qinghai had previously targeted.
China's ban on crypto
While Chinas Hostish attitude to crypto The country and its central bank went one step further this year by prohibiting all local organizations dealing with companies in the area of digital assets.
In addition to the direct negative effects on market prices, the step also forced numerous companies to close their Chinese branches. The popular Börse Huobi was one of the first and Kucoin followed shortly afterwards.
a newer test report claimed that in the first two weeks after the recent Chinese ban on the number of companies that had to hire their services for locals had exceeded 20.
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