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Chinese Crackdown: Bitmain Stops Rig Sales, Exodus Ensues, Hash Rate Declines

Namcios -
China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.
BUSINESS

Canaan To Begin Mining Bitcoin Itself, Setting Up Operations In Kazakhstan

Namcios -
Leading bitcoin mining rig manufacturer Canaan will start mining BTC itself and is setting up new operations in Kazakhstan.
BUSINESS

Barred From China, BIT Mining Has Started Moving Bitcoin Mining Operations To Kazakhstan

Namcios -
Following power cuts to its bitcoin mining operations in China, BIT Mining is moving rigs to Kazakhstan.
BUSINESS

People’s Bank Of China Intensifies Bitcoin Ban With Financial Institution Meeting

Namcios -
The People’s Bank of China summoned financial institutions to reinforce that no Chinese citizen can make bitcoin transactions.
BUSINESS

Miami Mayor Wants To Entice Chinese Bitcoin Miners To Set Up Shop In Florida

Namcios -
Miami Mayor Francis Suarez said his city could offer cheap, nuclear energy to Chinese miners who face harsh regulation.
BUSINESS

Local Reports Indicate Bitcoin Miners In Sichuan Have Been Ordered To Shut Down

Namcios -
Officials in Sichuan, a major bitcoin mining hub in China, have reportedly issued a shutdown order for bitcoin mining operations there.
BUSINESS

China’s Yunnan Province To Inspect Bitcoin Mining Operations As Rumors Of Ban Swirl

Namcios -
China's Yunnan province will be investigating bitcoin mining operations that are using power supplies illegally.
BUSINESS

Bitcoin Miners Are Moving Out Of China

Nic Carter And Lucas Nuzzi -
The bitcoin mining hub has slowly been losing its dominance in the global hash market.
BUSINESS

China’s Latest Bitcoin Crackdown Sees Exchanges Censored, Miners Go Offline

Namcios -
Chinese internet services are censoring bitcoin exchange searches and mining operations in China have reportedly been asked to shut down.
BUSINESS

Bitcoin Mining Rig Manufacturer Canaan Argues Against Chinese Crackdown

Namcios -
Major Chinese bitcoin mining rig manufacturer Canaan has argued against China 's recent regulatory crackdown on the industry.
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