Bitmain, a hardware manufacturer for bitcoin mining (BTC), will no longer ship your machines to addresses in mainland China.
The Beijing-based company made the statement on Sunday (10), saying it will follow local regulations and suspend domestic deliveries from today, but overseas acquisitions continue as usual.
Bitmain’s move may not impact the company as much as its domestic sales had been declining since the end of last year due to the increase in crypto mining operations in North America.
However, the company’s change may formally mark the end of its participation in the domestic market, which represented almost 50% of its revenue in 2017 and around 40% in the first half of 2018.
domestic mining
Since the ban on crypto mining By the Chinese government, the number of domestic mining operations in China with video cards (GPUs) has increased, but the country’s authorities have stepped up their measures to uncover illegal mining activities.
For example, the Jiangsu Provincial Government recently conducted an investigation into the local energy consumption and Internet Protocol (IP) address traffic of the crypto mining pool.
Authorities detected more than 4,502 IP addresses in the province that were suspected of mining activities and that consumed 260,000 kilowatt-hours (KWh) of energy.
Interestingly, 21% of these mining IP addresses were found within government agencies, public schools and companies.
According to messages shared with The Block, some Chinese crypto miners have also recently shared anecdotes, after receiving calls from local energy and telecommunications agencies, which questioned them about suspicions of mining and sent officials for inspection at the site due to consumption abnormal energy.
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