Largest Bitcoin Mining Pool Blocks Internet Access From Mainland China

Antpool, the most important Bitcoin mining pool by hashrate, mentioned it can block Internet entry from mainland China to adjust to Chinese authorities rules on crypto mining actions.

The ban will exclude Hong Kong and Taiwan, in accordance with an announcement posted on the Antpool web site.

The mining pool, which holds greater than 17% of complete bitcoin hashrate share, mentioned that it’s going to additionally deploy its know-your-customer (KYC) consumer authentication system to adjust to legal guidelines and rules of nations around the globe.

Antpool famous that it accomplished the authorized procedures for its spinoff from Bitmain at the start of May. The “new Antpool” has no plans to determine an working entity in mainland China and is within the means of constructing a brand new enterprise and administration staff with Singapore as its headquarters.

The Antpool announcement comes following the information that authorities in China’s jap Zhejiang province busted an operation that had arrange graphics processing models in a publicly funded facility to mine bitcoin and ether. The Antpool and Zhejiang bulletins appear to substantiate social media posts claiming that companies throughout China are screening IP addresses – which uniquely determine computer systems on the web – for doubtlessly illicit mining.

On Oct. 10, Bitmain, one of many world’s largest producers of bitcoin mining machines, confirmed it can halt transport Antminers to mainland China.

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