The Chinese Authority Seized 49 Old ASIC Antminers

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  • Customs in Guangdong Province, China, has announced the seizure of 49 used bitcoin (BTC) miners from an anonymous entity seeking to smuggle the equipment into the nation.
  •  According to local media, the obsolete machines will be disposed of in compliance with local regulations.

Unnamed individuals recently attempted to sneak in 49 second-hand Bitmain ASIC Antminers using fake documents, prompting Chinese officials to continue their crackdown on bitcoin miners.

What happened?

Huangpu Customs in Guangdong Province, China, has announced the seizure of 49 used bitcoin (BTC) miners from an anonymous entity seeking to smuggle the equipment into the nation. The obsolete machines, according to local media, will be disposed of in compliance with local regulations.

The alleged smugglers allegedly used fake information in their export documents, according to a report published on Monday. Authorities noticed the cargo was not made up of shoe materials, as indicated in the “export document,” according to the newspaper. Instead, the shipment included antiquated ASIC miners, according to some accounts.

The confiscation of mining devices by Chinese authorities comes as the country’s crackdown on bitcoin miners continues. China has already lost its position as the world’s leading bitcoin mining country as a result of the crackdown. 

According to the reports, the restriction has sparked crypto mining in China’s neighbouring countries, such as Thailand and Kazakhstan.

Mining Activities Must Be Corrected

Meanwhile, Huangpu Customs’ seizure of the old ASIC Antminers came just days after the Shandong Development and Reform Commission (SDRC) released a document titled “Report on Rectification of Virtual Currency Mining Activities.”

According to the Chinese website 8btc, the regulator declared the initiation of telephone line supervision for “rectification” of crypto mining activities at the province and local levels through this document.

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Shambhavi Soni

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