Bin Maine, the world’s largest manufacturer of mining equipment, said in a statement that it would no longer ship the machine to China. The company has also announced that it is considering conditions for Chinese customers who have already placed an order.
to the Report Coin Telegraph, the Chinese company BitMin, is the largest manufacturer of digital currency mining equipment. The company has been forced to cease operations in China since October 11, 2021. The reason for this is the bans imposed by local Chinese authorities on digital currencies.
In addition to China’s widespread bans on digital currencies, Bitcoin has decided to stop sending bitcoin mining machines and other digital currencies in response to its carbon-free policies. The company has announced:
From October 11, 2021 (October 19, 1400), the shipment of AntMiner devices to China will be stopped. Chinese customers who have purchased products with long delivery dates should not worry. Our staff will contact them and explain alternative solutions.
Although the company has not yet announced its plan to help its Chinese customers, it continues to produce Interminer digital currency mines for its customers around the world, including Taiwan and Hong Kong.
In response to recent developments in China, Bitcoin has increased its production capacity for Antbox mobile mining containers. In November (next month), the company will host the 2021 World Summit on Digital Currency Mining in Dubai. At this meeting, BitMin will talk about the opportunities available for green energy extraction. Most of these opportunities come from clean energy projects in Yunnan, Xinjiang and other Chinese provinces.
Despite China’s bans on digital currencies, Chinese miners and investors have moved to areas that take an easier approach. On the other hand, bitcoin mining operations in other parts of the world are being revived.
According to the Quintel Telegraph, the difficulty of extraction has increased by 39% since the end of July. In addition, Ginny Wu Blockchain media reported that on October 5, 2021 (October 4, 1400), the network hardness in block number 703,584 increased to 4.71 percent. This is the sixth time since July 31, 2021 (August 9, 1400) that the difficulty of extracting bitcoins has increased.