• Latest
  • Trending
Bitmain stops shipment of Antminer crypto mining rigs into China

Bitmain stops shipment of Antminer crypto mining rigs into China

October 10, 2021
Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

June 25, 2022
Top 3 coins to buy

Two top cryptocurrencies that could make a V-shaped recovery

June 25, 2022
Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

June 25, 2022
Why Would You Utilize Neural Networks to Help You Trade When You Could Use Simple, Layered Approaches | by Dylan Cunningham | The Capital | Jun, 2022

Why Would You Utilize Neural Networks to Help You Trade When You Could Use Simple, Layered Approaches | by Dylan Cunningham | The Capital | Jun, 2022

June 25, 2022
What is StrongBlock (STRONG) and how does it work?

What is StrongBlock (STRONG) and how does it work?

June 25, 2022
Shiba Inu Remains Largest Token Held by Whales as SHIB Price Rises 15%

Shiba Inu Remains Largest Token Held by Whales as SHIB Price Rises 15%

June 25, 2022
Gold Rush Casino to make anticipated debut in August 2022 on the Binance Smart Chain

Gold Rush Casino to make anticipated debut in August 2022 on the Binance Smart Chain

June 25, 2022
Top GCC Banker Hussein Al Meeza Joins Islamic Coin Executive Board

Top GCC Banker Hussein Al Meeza Joins Islamic Coin Executive Board

June 25, 2022
Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

June 25, 2022
  • Contact Us
  • Privacy Policy
Saturday, June 25, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Bitmain stops shipment of Antminer crypto mining rigs into China

Automatic by Automatic
October 10, 2021
in Crypto, Top News
0
Bitmain stops shipment of Antminer crypto mining rigs into China
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

June 25, 2022
Top 3 coins to buy

Two top cryptocurrencies that could make a V-shaped recovery

June 25, 2022

Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.

In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining rigs as a response to China’s carbon-neutral policies. According to Bitmain’s announcement:

“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.”

While the company has yet to reveal its plan to help existing customers in China, Bitmain will continue to supply Antminer crypto mining rigs to users across the world including those in Taiwan and Hong Kong.

To counter the temporary slowdown in the Chinese market, Bitmain has increased its production capacity for mobile mining containers — Antbox. In November, the company will host World Digital Mining Summit 2021 in Dubai, where it will discuss green energy mining opportunities “mainly derived from clean energy power generation projects in Yunnan, Xinjiang” and other Chinese provinces.

Bitmain did not immediately respond to Cointelegraph’s request for comment.

Related: Hash rate and difficulty rebound shows miners have recovered from China exodus

Despite China’s recent ban on crypto activities, Bitcoin mining operations are on the path to full recovery as Chinese miners and investors move to friendly jurisdictions.

Cointelegraph reported that Bitcoin’s hash rate difficulty has increased 39% since late July. Moreover, Chinese media outlet Wu Blockchain pointed out that Bitcoin’s difficulty increased by 4.71% at block height 703,584 on Oct. 5, marking the sixth consecutive increase since July 31.





Source link

ShareTweetShareShare
Previous Post

Edward Snowden Calls CBDC “Perversion of Cryptocurrency”, Here’s Why

Next Post

My Experience Buying Virtual Land on Next Earth

Related Posts

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

by Automatic
June 25, 2022
0

Yuri Molchan Whales have been accumulating Bitcoin heavily on the dip Disclaimer: The opinion expressed here is not investment advice...

Top 3 coins to buy

Two top cryptocurrencies that could make a V-shaped recovery

by Automatic
June 25, 2022
0

The cryptocurrency market seems to have found the bottom and is on a rebound. The total cryptocurrency market has jumped...

Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

by Automatic
June 25, 2022
0

On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the...

Why Would You Utilize Neural Networks to Help You Trade When You Could Use Simple, Layered Approaches | by Dylan Cunningham | The Capital | Jun, 2022

Why Would You Utilize Neural Networks to Help You Trade When You Could Use Simple, Layered Approaches | by Dylan Cunningham | The Capital | Jun, 2022

by Automatic
June 25, 2022
0

Neural networks tend to be overconfident which leads to losses when trading; simple models can underfit, but layered approaches make...

What is StrongBlock (STRONG) and how does it work?

What is StrongBlock (STRONG) and how does it work?

by Automatic
June 25, 2022
0

The digital financial environment continues to develop almost every second, which is no surprise to those in the crypto sector....

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

The Sandbox offers a long-term buying opportunity after a recent sell-off

Enhance Basic Tech Capacity & Provide All-encompassing Products & Services

Fiat Money Poisons Everything. Fiat money destroys lives | by Jonathan Garner | The Capital | May, 2022

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 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