Bitmain Confirms Halting Its Shipment of Antminers to Chinese Customers

Bitmain Confirms Halting Its Shipment of Antminers to Chinese Customers

By AEX | AEX | 13 Oct 2021


Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, confirmed it will halt shipping Antminers to mainland China.The mining rig supplier will still ship globally. 

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“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” according to a statement from Bitmain’s official WeChat account. The move doesn’t affect Bitmain’s overseas customers and the company said that it has increased the supply of Antbox to speed up the construction of overseas mines.

On Sept. 28 CoinDesk cited three sources who said that Bitmain was planning to suspend sales of its machines to miners in mainland China, after the sweeping ban on crypto activity imposed by the country’s government.

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China’s crackdown on the crypto industry has created an opportunity for the miners outside of the region to participate in the sector, resulting in a recovery in bitcoin network’s hashrate, or computing power, which is a key gauge of mining activity.

Mean bitcoin hashrate has recovered from its July slump, following China-Ban. Source: Glassnode.

The mean bitcoin hashrate has recovered more than 140% since its July lows, according to data compiled from analytics firm Glassnode.

On Sept. 27, the world’s second-largest Ethereum mining pool, SparkPool, halted services to all of its users due to China’s ban. The move was followed by another Ethereum mining pool, BeePool.

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On October 12, 2021, BTC's full network real time arithmetic power was 141.86 EH/S, while ETH was 714.55 TH/S. AEX coin trading area shows that BTC is $56,666 for 1 coin and ETH is $3480 for 1 coin.AEX (www.aex.com) is a mainstream cryptocurrency exchange that supports the circulation of BTC, ETH and other POW mechanism cryptocurrencies exchange.

Moreover,Bitmain Will Hold the World Digital Mining Summit 2021 in Dubai From November 09-10. During the summit, Bitmain will reveal the latest all-in-one mining container solution and Antminer products.

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AEX is a global digital asset integrated service platform with information, community, financial management and #BTC #ETH #GAT currency trading, since 2013

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