Bitmain stops supplying ASIC miners to China
The company’s decision has been influenced by local authorities' pressure on the crypto industry and their eco-initiatives

11.10.2021 - 10:25
160
2 min
0
What's new? Bitmain, a manufacturer of cryptocurrency mining equipment, has stopped the supply of devices to mainland China. Information about this is published in the WeChat account of the Chinese company.
In response to the Chinese government's carbon neutral policy, Bitmain said it has completed several carbon indicator purchases. The indicators are mainly derived from clean energy power generation projects in Yunnan, Xinjiang, and other places in China. https://t.co/vrAue26xZl— Wu Blockchain (@WuBlockchain) October 10, 2021
What influenced Bitmain's decision? The company decided to stop shipping due to pressure from local authorities on the digital asset market. Furthermore, the decision is in line with the government’s eco-initiatives to neutralize carbon emissions into the environment.
“From October 11, 2021, Antminer will stop shipping to mainland China. For customers in mainland China who have purchased long-term products, our staff will contact them to provide alternative solutions.” the Bitmain message says.
Message on the company’s website
What had happened before? As we mentioned in September, Bitmain entered into an agreement with data center and power supply partners Bit5ive and ISW Holdings to locate 56,000 AntMiner units in the American state of Georgia. The installation should be completed by October 2022.
Useful material?
Market
According to Mike Novogratz, the upcoming credit crisis will have a strong impact on prices
Mar 17, 2023
Market
ChatGPT chatbot has made recommendations taking into account the current banking crisis in the United States
Mar 17, 2023
Market
Wallets with multi signature or social recovery functions are suitable for self-storage, says the Ethereum co-founder
Mar 17, 2023
Technologies
Support will be available for one week after the upgrade
Mar 17, 2023
Incidents
The funds were transferred to the address of the Lazarus group involved in the attack on the Ronin sidechain
Mar 17, 2023
Incidents
One of the defendants, blogger Bitboy, intends to counter-sue
Mar 17, 2023