Special Decision for China from Crypto Mining Giant Bitmain!

Chinese Bitcoin mining hardware manufacturer Bitmain said in an announcement Sunday that it will stop selling its equipment to citizens in China to comply with the government’s ban on cryptocurrency mining and trading.

The company said it will stop shipping antminer machines to China, but will continue to sell equipment to users in Hong Kong and Taiwan. Bitmain added that it can advise its long-time customers in China on how to purchase mining equipment from elsewhere.

The People’s Bank of China signed a ban that is considered the toughest crackdown on the market to date, banning all crypto transactions and related activities in late September. China’s decision left crypto companies no choice but to cease operations on the mainland, but did not prohibit them from continuing their overseas business. Bitmain also announced that it will suspend domestic deliveries accordingly, but overseas business will continue as usual:

“Adjustment of shipping policy does not affect customers in overseas markets. Under the epidemic situation, the Bitmain supply chain team is working hard to ensure the supply of customers worldwide.”

Bitcoin mining is the process where heavy machinery such as antminer is used to extract coins from the Bitcoin network by solving complex mathematical problems. Antminers are considered the most powerful Bitcoin mining tools in the world.

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