Bitmain Confirms Halting Its Shipment of Antminers to Chinese Customers，why

[AEX2013]

Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, confirmed it will halt shipping Antminers to mainland China.The mining rig supplier will still ship globally. 

“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” according to a statement from Bitmain’s official WeChat account. The move doesn’t affect Bitmain’s overseas customers and the company said that it has increased the supply of Antbox to speed up the construction of overseas mines.

On Sept. 28 CoinDesk cited three sources who said that Bitmain was planning to suspend sales of its machines to miners in mainland China, after the sweeping ban on crypto activity imposed by the country’s government.
China’s crackdown on the crypto industry has created an opportunity for the miners outside of the region to participate in the sector, resulting in a recovery in bitcoin network’s hashrate, or computing power, which is a key gauge of mining activity.

Mean bitcoin hashrate has recovered from its July slump, following China-Ban. Source: Glassnode.
The mean bitcoin hashrate has recovered more than 140% since its July lows, according to data compiled from analytics firm Glassnode.
On Sept. 27, the world’s second-largest Ethereum mining pool, SparkPool, halted services to all of its users due to China’s ban. The move was followed by another Ethereum mining pool, BeePool.

On October 12, 2021, BTC's full network real time arithmetic power was 141.86 EH/S, while ETH was 714.55 TH/S. AEX coin trading area shows that BTC is $56,666 for 1 coin and ETH is $3480 for 1 coin.AEX (www.aex.com) is a mainstream cryptocurrency exchange that supports the circulation of BTC, ETH and other POW mechanism cryptocurrencies exchange.
Moreover，Bitmain Will Hold the World Digital Mining Summit 2021 in Dubai From November 09-10. During the summit, Bitmain will reveal the latest all-in-one mining container solution and Antminer products.

[leea-1334]

That is to me quite a useless piece of information.

We know China already banned Bitcoin mining. We know all the big Chinese miners already moved out and relocated their equipment and operations.

We also recently heard Texas and others are the ones attracting all of them.

So of course Bitmain is no longer shipping equipment to China. They did not need to confirm it,,, we all knew it.

[DapanasFruit]

The market demographics for Bitcoin mining rigs is shifting after China decided to once again ban Bitcoin, its mining and all other crypto-related business operations. Now, the demand can be so scattered as miners located into other countries which are so willing accept them. In USA, there are now some famous locations like Texas opening its doors to such a business. In Europe, there are some smaller countries who are friendly to Bitcoin mining. The ban certainly will not be affecting much the business of Bitmain as soon demand can be jumping for new mining equipment.

[electronicash]

there is no needed explanation for that the company has to comply with the laws but isn't the company located in China? they can only ship outside china then?

The market demographics for Bitcoin mining rigs is shifting after China decided to once again ban Bitcoin, its mining and all other crypto-related business operations. Now, the demand can be so scattered as miners located into other countries which are so willing accept them. In USA, there are now some famous locations like Texas opening its doors to such a business. In Europe, there are some smaller countries who are friendly to Bitcoin mining. The ban certainly will not be affecting much the business of Bitmain as soon demand can be jumping for new mining equipment.

the ban affects their business for sure. if they have to decide somewhere i think South America will be a better place to manufacture asic miners, probably El Salvador will treat the company with benefits.

[NeuroticFish]

“From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” according to a statement from Bitmain’s official WeChat account. The move doesn’t affect Bitmain’s overseas customers and the company said that it has increased the supply of Antbox to speed up the construction of overseas mines.

This is simply expected. As mining is banned there, I guess that they had to ensure that at least their production is not halted, hence the clear public declarations.

the ban affects their business for sure. if they have to decide somewhere i think South America will be a better place to manufacture asic miners, probably El Salvador will treat the company with benefits.

I wouldn't be so sure. The cheap materials/components are still there and it would make no sense to move elsewhere and get the components shipped to them... Also anywhere else they move they'll have to pay more for the labor. The current location may still be perfect for them, the production is the cheapest and the shipping cost is seen separately by the customer.

[Baofeng]

As far as I can remember, as early as 2017-2018, Bitmain has already a plan B in case the Chinese government put a ban on mining or anything related to crypto. It is somewhere located to US, in Texas of all the places.

Perhaps they are slowly moving out of China, or maybe would remain their production but not full 100% as the government might change their mind and even attack Bitmain for all good reasons (manufacturing).

[yhiaali3]

We can now say "Bitcoin is unstoppable". What happened now because of China’s ban on Bitcoin mining strongly demonstrates this, the Chinese ban caused the spread of mining hardware around the world and this caused the recovery of mining in addition to another important advantage is the increase in the power of decentralization because China was possessing the largest power of the hash rate in the world and this was causing Concern about centralization But now, due to the suspension of mining in China and the transfer of mining equipment abroad, the strength of centralization has increased much more than before.

[The Sceptical Chymist]

That is to me quite a useless piece of information.

I disagree, and it was probably appropriate for Bitmain to make this announcement.  They're telling the public and China that they're complying with Chinese regulations, which is important for their public image.  It isn't exactly front page news, but it's information that miners might wonder about had Bitmain not made the press release.

I'm wondering what all those Chinese miners have done since the stupid Chinese ban on mining.  I don't follow crypto news all that much, so I don't know if there's been a story on that.  Anyone know if they've packed up and moved to a different country or sold their mining equipment and moved on to other things?

As far as I can remember, as early as 2017-2018, Bitmain has already a plan B in case the Chinese government put a ban on mining or anything related to crypto. It is somewhere located to US, in Texas of all the places.

Hey, Texas is apparently the hot new spot for bitcoin mining (literally, too).  I haven't heard much lately about the big mining farms that were planned, but Texas is a huge state with lots of open land and sunshine.  I think solar power was going to be a part of those farms.

[leea-1334]

That is to me quite a useless piece of information.

I disagree, and it was probably appropriate for Bitmain to make this announcement.  They're telling the public and China that they're complying with Chinese regulations, which is important for their public image.  It isn't exactly front page news, but it's information that miners might wonder about had Bitmain not made the press release.

I'm wondering what all those Chinese miners have done since the stupid Chinese ban on mining.  I don't follow crypto news all that much, so I don't know if there's been a story on that.  Anyone know if they've packed up and moved to a different country or sold their mining equipment and moved on to other things?

Fair enough,,, and when you put it like that then yes, it is a cover my base move from Bitmain. Now I think about it maybe they are still getting a lot of questions from individuals who might think they could mine silently (or on small scale) and avoid detection if they could still order the machines to their homes there where energy is still cheap.

According to news, the miners have moved to places in Asia and even in Texas. See this one for example: https://www.cnbc.com/2021/10/09/war-to-attract-bitcoin-miners-pits-texas-against-new-york-kentucky.html

And earlier last month: https://www.bbc.com/news/world-us-canada-58414555
I also saw on Reddit some videos (but cannot confirm) of them packing those machines to fly out.

[Haunebu]

Good news for the Bitmain supporters though this isn't newsworthy. Everyone could see this coming after China's repeated bans on cryptocurrencies over the years.

According to news, the miners have moved to places in Asia and even in Texas. See this one for example: https://www.cnbc.com/2021/10/09/war-to-attract-bitcoin-miners-pits-texas-against-new-york-kentucky.html

Interesting. Didn't expect Texas to become a miner hotspot. The consistent sunny weather in Texas is clearly a big factor behind this move. California could also become another hotspot for similar reasons.

[avikz]

Excellent news! When the Chinese authoritarian government has banned any crypto related activities, there's no need to ship out the mining rigs to China, legally and logically! The less dependency we have on China for anything related to cryptocurrency, the better!

As we have all seen that the exit of China has shown a very temporary impact on bitcoin and after that temporary phase, bitcoin has grown considerably. It's a net positive for the crypto market.