Chinese Authorities to Shut Down Illegal Miners

China's Xinjiang Uyghur autonomous region is set to eliminate "illegal" bitcoin mining by the end of September
24 July 2018   1864

The Chinese authorities intend to put an end to the "illegal" bitcoin mining in the Xinjiang Uygur Autonomous Region before the end of August. This is reported by CoinDesk.

The first rumors about the authorities' new plans appeared this weekend after a leak of the documents of the Economy and Information Commission of Xinjiang (EIC). In particular, it says that local suppliers of electric power industry are obliged to stop illegal bitcoin mining and to report it to the authorities.

Authorities note that "illegal mining" also means mining without license and use of electricity without official contacts.

Local utility agencies and companies will be held accountable if they failed to shut down 'illegal' bitcoin mining operations.

Economy and Information Commission of Xinjiang

PRC authorities obliged the electricity suppliers from Xinjiang Province to regularly report on the activities of local companies engaged in bitcoin mining.

This decision largely affected the activities of the mining companies that carry out operations in this region. So, Scott Meng, the head of the Canadian blockchainn start-up, who is also engaged in the mining in Xinjiang, said that the measures taken by the Chinese authorities "definitely had an impact" on local companies.

I have two partners (in the region): one has 18,000 crypto miners, the other has 40,000. And they have been crying for help in the past days, urging me to look for places in the U.S. and Canada (as substitutes). But even for me, I have to get electricity first. And even if I had that, we need to build farms from scratch.

Scott Meng

CEO, Canadian Blockchain Startup

As reported, in June 2017, the EIC also issued a notice to municipal governments asking them to be careful when supporting bitcoin mining companies.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   305

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.