Bitmain, one of the biggest manufacturers of crypto mining equipment from China, has announced that it will cease to ship Antminer minings rigs to customers in mainland China. It is pretty evident that the reason for this sudden decision is the recent ban that the government put on crypto-related activities, including cryptocurrency mining.
From October 11, Bitmain won’t be able to provide Antminer mining rigs to the customers as the carbon-neutral stance of the country doesn’t promote mining rigs. The firm explained the scenario in their 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.”
Bitmain ready to help out Chinese clients
Bitmain has decided to help its current customers in China and will try to figure out a way to do so. For this reason, the firm has decided to explore opportunities to mine cryptocurrencies in a more eco-friendly manner. This includes generating power from energy-efficient and eco-friendly sources in the nation.
The ban of mining rigs in China hasn’t slowed down the Chinese firm as it continues to serve users across the world, including nations like Hong Kong and Taiwan. Also, to suppress the loss from the temporary shutdown in China, Bitmain has ramped up the production and sale of mobile mining rigs, or simply named Antbox.
Greener possibilities for crypto mining
Antbox has become popular among the miners who find them more efficient to use. Furthermore, to soften the situation in China, Bitmain is hosting the World Digital Mining Summit 2021 in Dubai. The goal of this meeting would be to explore greener and eco-friendly possibilities for crypto mining in China.
It seems that China’s crackdown on cryptocurrencies and related activities doesn’t have as much effect as it used to. While Bitcoin is still trading at $55K, we have now entered Uptober.