The move comes almost two years after the agency quietly removed crypto mining from the list of industries to be eliminated.
The community organizers are encouraging members to move to other social media platforms such as Telegram and Discord.
Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources said.
The firm’s move came just after SparkPool, another top Chinese Ethereum mining pool, announced it was suspending operations.
The world’s second-largest Ethereum mining pool initially had stopped providing services to new Chinese users, but has expanded its suspension to all users.
“Estamos asistiendo a un renacimiento de la minería doméstica”, afirma Thomas Heller, de Compass.
Single application-specific integrated circuit (ASIC) bitcoin mining rigs can now be purchased individually, rather than in bulk.
Today’s 4.5% increase is the fourth consecutive upward difficulty adjustment. But it’s slowing.
Supply has dried up despite a glut of available bitcoin mining rigs since China’s crackdown in May.