Monday, October 2, 2023
News Media Empire
  • About Us
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Home
  • World News
  • Politics
  • Business & Economy
  • Money
  • Science & Tech
  • Opinion
  • Lifestyle
  • Health
  • Sports
  • Entertainment
  • Crypto
No Result
View All Result
  • Home
  • World News
  • Politics
  • Business & Economy
  • Money
  • Science & Tech
  • Opinion
  • Lifestyle
  • Health
  • Sports
  • Entertainment
  • Crypto
No Result
View All Result
News Media Empire
No Result
View All Result
Home Crypto

Crypto Crackdown: Bitmain to Stop Shipping Antminers to China This October

October 10, 2021
in Crypto
0
Crypto Crackdown: Bitmain to Stop Shipping Antminers to China This October
0
SHARES
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Bitmain, the largest Bitcoin mining equipment manufacturer in China has announced it will stop shipping its flagship product, the Antimer, to China in response to the regulatory crackdown ongoing in the country. 

As announced by the firm, the suspension of its Antminer shipping will commence on Monday 11th of October, and it will only affect its customer demands in mainland China. Bitmain said that Taiwan and Hong Kong will be unaffected by the new decision. In a bid to further identify with the federal government’s efforts to reduce carbon emissions, the company said it has acquired clean energy-derived indicators to help monitor its carbon utilizations.

“Actively responding to the local government policies of the company’s entities has been Bitmain’s business strategy all along,” the company said in its announcement, adding that “In response to the Chinese government’s carbon neutral policy, Bitmain has completed several batches of carbon indicator purchases. The indicators are mainly derived from clean energy power generation projects in Yunnan, Xinjiang, and other places in China. 2021 Nian 11 Yue 9 days -10 days, the continent will host bits ‘in Dubai 2021 World Mining of Summit Digital’, then we will announce the use of these carbon emission targets.”

Besides the move to halt its machine sales to the Chinese region, Bitmain said it is also exploring innovative alternative energy-saving production models, a development that will help its customers worldwide.

“In the future, we will continue to work to reduce the energy efficiency ratio of core chips, purchase carbon emission indicators worldwide, guide customers to use clean energy, and contribute our strength to the green and sustainable development of mankind,” the company said.

Overhauling Crypto Mining Energy Demands

It is no doubt that mining Bitcoin (BTC), and other Proof-of-Work (PoW) cryptocurrencies can be energy-intensive, and beyond China, this has largely caused regulators to maintain an unwelcoming stance toward the digital currency ecosystem in the past.

Things are beginning to change, however, as more miners are beginning to pursue a sustainable energy source to power their operations. As a major detour from the norm, El Salvador is exploring geothermal energy sources from the country’s rich volcanoes as the primary power generation option for its proposed Bitcoin mining adventure. There are projections that more miners will be joining the renewable energy options in the near future.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin





Source link

Get Free Advertise Coin
Previous Post

Democrats, you’re in danger

Next Post

Inside Boris Johnson’s holiday villa owned by his rich chum Zac Goldsmith

Related Posts

Bitcoin halving
Crypto

BTC Price Gains As Gold Hits Two Month Low, Bitcoin to Outshine

October 2, 2023
friend.tech
Crypto

Friend.Tech protocol Revenue Crosses A Massive 10,000 ETH, What’s Next?

October 2, 2023
FTX hacker
Crypto

FTX Hacker Moves New 7,500 ETH Taking Total Tranche to 22,500 Units

October 1, 2023
Next Post
Inside Boris Johnson's holiday villa owned by his rich chum Zac Goldsmith

Inside Boris Johnson's holiday villa owned by his rich chum Zac Goldsmith

XRP price

XRP Price Analysis: XRP Price Knocks on $1.3 resistance, Is A Parabolic Move Up on Cards?

'Boris Johnson's luxury trip shows he doesn’t give a damn for country he leaves behind' - Kevin Maguire

'Boris Johnson's luxury trip shows he doesn’t give a damn for country he leaves behind' - Kevin Maguire

Discussion about this post

AdvertiseCoin ADCO Get Now Free
News Media Empire

Newsmediaempire is an online news source that provides the latest news and other information about everything that you must need to know. It publishes news related to various fields like world, business, sports, politics, tech, health, lifestyle, and other different exclusive stories.

Let's connect!

Categories

  • Business & Economy
  • Crypto
  • Entertainment
  • Health
  • Lifestyle
  • Money
  • Opinion
  • Politics
  • Science & Tech
  • Sports
  • World News

Recent News

  • Andrea Pirlo facing Sampdoria sack with Italian giants in Serie B relegation zone October 2, 2023
  • BTC Price Gains As Gold Hits Two Month Low, Bitcoin to Outshine October 2, 2023
  • Bok coach Nienaber leaves RWC future to fate, Mapimpi’s facial injury raises concern | Sport October 2, 2023

Join Our Newsletter!

    • About Us
    • Contact
    • Privacy Policy
    • Terms & Conditions

    newsmediaempire.com © 2021 All rights reserved.

    No Result
    View All Result
    • About Us
    • Contact
    • Home 1
    • Home 2
    • Home 3
    • Privacy Policy
    • Random
    • Sample Page
    • Terms & Conditions

    newsmediaempire.com © 2021 All rights reserved.

    en English
    ar Arabicbg Bulgarianzh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.