China's Bitmain suspends sales of cryptomining machines after Beijing's mining ban

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Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on bitcoin mining.

Bitmain also said it is looking for "quality" power supplies overseas along with its clients, in places including the United States, Canada, Australia, Russia, Kazakhstan and Indonesia.

Answering Beijing's call, China's main cryptocurrency mining hubs, including Inner Mongolia, Xinjiang, Yunnan and Sichuan, have all published detailed measures to root out the business.Following the ban, many Chinese miners are selling machines and exiting the business, or shipping machines overseas.

 

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blocktrainer Bitmain miner Sales Ban

This will become problem, people have invested millions in crypto. China must jump

good

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