Home miners

After 2022, a number of ASIC mining rigs specifically designed for home use began to emerge. This development is linked to a specific political moment: From May to September 2021, the Chinese central and local governments announced a series of comprehensive bans on cryptocurrency mining. While cracking down on large-scale cryptocurrency mining, local governments, employers, and even universities encouraged the public to report suspicious cryptocurrency mining activities. Designed for a specific regulatory environment, these devices incorporate knowledge of how the Chinese government monitors electricity consumption and which usage patterns can avoid triggering investigations.

Huaqiangbei, World’s largest distribution centers for cryptocurrency mining

Shenzhen's Huaqiangbei district become one of the world’s largest collection and distribution centers for cryptocurrency mining machines, or miners.. Despite the Chinese government's official ban on crypto mining, vendors in the world's largest electronics market continue to source, repair, and ship ASIC miners to buyers worldwide.

Bitmain Shenzhen Office

Bitmain played a major role in the global ASIC mining industry and helped shape Shenzhen's position in the mining economy.

Bitmain Shenzhen Office

Bitmain played a major role in the global ASIC mining industry and helped shape Shenzhen's position in the mining economy.