One of the largest Bitcoin mining pools, AntPool, is reporting the termination of access by IP addresses in mainland China. The company will continue to work, but taking into account the innovations in the country.
V
official statement The company announced that changes will be made to AntPool to comply with the new laws in China.
Antpool in mainland China will no longer be IP based on October 15, except for Hong Kong and Taiwan. In May of this year, the company completed the separation from Bitman.
Bitmain is a Chinese manufacturer of specialized mining equipment under the Antminer brand and in the past is the owner of two large mining pools – BTC.com and AntPool. Produces ASIC miners for Bitcoin (SHA-256 hashing algorithm).
AntPool has no plans to establish a new organization in China. Once the new team starts working, it will set up its headquarters in Singapore. AntPool will continue to develop blockchain technology and provide technical solutions for users, complying with the country’s regulations.
Bitmain, in line with China’s cryptocurrency policy, has suspended the shipment of ASIC miners in the PRC since October 11.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
