Mining

China customs seizes 49 second-hand crypto mining rigs for export


Dongguan customs in China’s southeast seized 49 second-hand Ant miners declared “shoe materials” for export, no less than the third seizure in February, state media reported on Monday. 

See associated article: Kazakhstan busts 13 unlawful Bitcoin mining farms amid energy considerations

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  • The rigs have been detained for false declaration and are pending additional proceedings, stated Dongguan customs’ superior division, the Guangzhou Huangpu customs.
  • Shenzhen and Wuhan customs confiscated 126 and 46 miners in February, respectively, additionally with deceiving labels and declaration varieties. 
  • China banned crypto mining final September, sparking a mass exodus of the native crypto mining enterprise from the nation, however authorities continued to bust small-scale operations, based on a state-backed paper’s December report. 
  • Financial Day by day, one of many Chinese language Communist Celebration’s newspapers, referred to as for a crackdown on personal crypto miners in a December editorial.
  • Since final October, no less than 4 provinces raised electrical energy charges for these nonetheless working crypto mining nodes, with Shandong and Shaanxi launching hotlines for residents to report info associated to illicit crypto mining actions. 
  • China has not banned mining machines from exporting, based on the most recent “Export Prohibition Listing (Sixth Version)” which hasn’t been up to date since 2021. 

See associated article: China to ‘outdate’ crypto mining trade with extra restrictions


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