The United States launches thousands of seized Chinese encryption mining equipment: Report

According to another report of ReutersThe American authorities recently began returning the Chinese -seized equipment to be seized in order to mining the encrypted currency, and two of the industry leaders shared them.

It is worth noting that cryptocurrency miners are high -energy computers that compete to solve difficult mathematics problems. This process helps in keeping Blockchain, technology behind digital currencies, and mining workers are rewarded with a new encrypted currency.

Officials make it difficult for miners

“Thousands of mining units have been launched,” said Taras Colic, CEO of Synteq Digital, a cryptocurrency broker. It is worth noting, at some point, up to 10,000 units in various American ports were suspended. He also stated that some officials of customs and US border protection (CBP) seem to be against bitcoin mining and made life difficult for this industry.

According to Blockspace, the American Customs and the Federal Communications Committee began seizing some Bitcoin mining equipment late last year. It is worth noting that some machines may have been kept because they contain chips from Sophingo, a Chinese chips company restricted from trade.

Increased tensions between nations

The launch of an unspecified amount of cryptocurrency mining equipment occurs during an increasing period of tensions between the United States and China, especially due to the ongoing trade war and security concerns raised by the American authorities. These concerns have existed since the last months of the Biden Administration.

Ethan Vera, Operations Manager of Camera Technology, noted that while some seized shipments are now returned, most of them are still being held. Vera and Taras Colic, CEO of Synteq Digital, participated that the authorities were martyred in concerns about radio frequency emissions from mining machines, which they rejected, indicating that machine emissions were not a real problem.

We are concerned about Chinese companies

This situation is part of a broader context for the US government audit of Chinese technology, especially in sectors such as communications and computing.

The United States has expressed security concerns about external equipment, especially from Chinese companies, for fear of using spy or other harmful activities. As a result, the government has imposed restrictions on some technology imports, and these concerns have extended to cryptocurrencies as well.