• Latest
  • Trending
Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low

Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low

October 11, 2021
Here’s why Binance is suspending sterling transfers

Here’s why Binance is suspending sterling transfers

March 14, 2023
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

March 14, 2023
New Frontier Presents (NFP) Gives Ethereum Holders a Chance to Purchase a Rolls Royce

New Frontier Presents (NFP) Gives Ethereum Holders a Chance to Purchase a Rolls Royce

March 14, 2023
Gaming Unicorn Wemade (WEMIX) Partners with Space and Time Data Warehouse

Gaming Unicorn Wemade (WEMIX) Partners with Space and Time Data Warehouse

March 14, 2023
USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework

USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework

March 14, 2023
OKX Ventures announces strategic investment in Scroll

OKX Ventures announces strategic investment in Scroll

March 14, 2023
US banking system outlook downgraded to ‘negative’ following recent bank failures

US banking system outlook downgraded to ‘negative’ following recent bank failures

March 14, 2023
Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains

Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains

March 14, 2023
NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

March 14, 2023
  • Privacy Policy
Tuesday, March 14, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low

J_News by J_News
October 11, 2021
in Crypto Technical Analysis, Top News
0
Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Bitcoin Mining

Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low

  • AnTy
  • October 11, 2021

Bitmain, one of the largest bitcoin mining machine manufacturers, has confirmed that it will stop shipping antminer to mainland China.

“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” said Bitmain in an official statement made on its WeChat account. This suspension comes after the People’s Bank of China’s ban on crypto activity.

This move only affects the users in China, and overseas customers will remain unaffected. The company further said that it has actually increased the supply of Antbox to accelerate the construction of overseas mining facilities.

Bitmain’s domestic market share, however, has already been declining ever since 2017, when it accounted for nearly 50% of its revenues.

At the same time, in response to the Chinese government’s carbon neutral policy, Bitmain has completed carbon indicator purchases, mainly from clean energy power generation projects in Yunnan, Xinjiang, and other places in China.

Bitmain co-founder Jihan Wu founded Matrixport, also announced that it will stop providing services to users in mainland China on October 15, much like about two dozen other companies.

Meanwhile, China’s crackdown on the crypto industry presented an opportunity for miners in other countries, especially the US and Kazakhstan. This resulted in a recovery in bitcoin’s hash rate, currently at 156.57 Th/s. The average bitcoin hash rate has increased more than 130% since the late June low.

Recently, the second largest Ethereum mining pool, SparkPool, and another one, BeePool, also halted their services to all of its users after the ban.

Besides commercial crypto mining, China has also been cracking down on at-home mining operations with graphics processing units (GPUs). To discover secret mining activities, China’s provincial government has been conducting a probe into local energy consumption and mining pool IP traffic.

In other news, the Chinese judiciary is now investigating how they can convict and sentence cryptocurrency behavior and is also expected to issue relevant judicial interpretations in the future, reported Caijing Magazine citing sources close to the Chinese government.

Bitcoin BTC

$ 57,755.75

+0.49%

+4.16%

+17.75%

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Here’s why Binance is suspending sterling transfers

Here’s why Binance is suspending sterling transfers

March 14, 2023
Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

March 14, 2023
ShareTweetShareShare
Previous Post

Where to buy Litecoin as LTC consolidates near $180

Next Post

Where to buy Yearn.Finance as YFI shows signs of consolidation

Related Posts

Here’s why Binance is suspending sterling transfers

Here’s why Binance is suspending sterling transfers

by J_News
March 14, 2023
0

Binance cites “Paysafe” as it halts sterling transactions. The announcement affects less than 1.0% of its users. Binance says it’s...

Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

by J_News
March 14, 2023
0

Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access”...

New Frontier Presents (NFP) Gives Ethereum Holders a Chance to Purchase a Rolls Royce

New Frontier Presents (NFP) Gives Ethereum Holders a Chance to Purchase a Rolls Royce

by J_News
March 14, 2023
0

What’s more, this incredible deal comes with an NFT 3D model (.glb as unlockable content) and access to the Metaverse...

Gaming Unicorn Wemade (WEMIX) Partners with Space and Time Data Warehouse

Gaming Unicorn Wemade (WEMIX) Partners with Space and Time Data Warehouse

by J_News
March 14, 2023
0

Vladislav Sopov Wemade (WEMIX), one of largest Koream game developers, scores partnership with Space and Time (SxT) Contents Wemade (WEMIX)...

USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework

USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework

by J_News
March 14, 2023
0

In November 2021, the President’s Working Group on Financial Markets (PWG) produced a comprehensive report outlining a regulatory framework for...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

Join CoinStats Affiliate Program & Earn 40% of All Premium Sales

Crypto Narratives to look out for in 2023 | by Blockchain Jew | The Capital Platform | Feb, 2023

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT