According to media reports, a new nationwide inspection for virtual currency mining is starting, and several provinces have asked for another in-depth inspection to avoid a "resurgence" and to ensure that all virtual currency "mining" equipment is dismantled and moved away.

From October, the relevant departments will jointly carry out regular monitoring. The use of information systems for illegal mining is found, the responsible leaders and responsible persons are seriously investigated; before the completion of the rectification of the information system involved, stop the Internet access; illegal transactions, strictly punishable by law.

Before this, many people are still holding on to their luck, and some small-scale miners are still trying to seek a stay-behind policy, waiting to see if there is room for policy easing in the later stages; or mining will be incorporated into the access permit policy, to obtain a permit before they can mine. But unfortunately, everyone's waiting is futile, and from the signals released so far, going offshore is the only option. But with many countries becoming increasingly strict on bitcoin mining policies, is it still possible to go offshore and where to go?

A few days ago, in Kyrgyzstan, where the cost of electricity resources is relatively low, the country's National Security Committee discovered a large illegal mining site hidden in a private home, raided and confiscated 118 bitcoin mining machines. And in Iran, where bitcoin mining is legalized, the country's electricity company has recently shut down more than 5,300 illegal mining facilities and seized more than 216,000 mining machines from unlicensed miners.

There is also a country, Argentina, where some miners have moved in because of government subsidies, very cheap electricity rates, and a good mining mass base. But Argentina is unusually strict control over the import of equipment, and the country's inflation is very strong, so it is not the best choice to go to sea.

What's more, there are factors such as tariffs and freight costs to consider for equipment going to sea, and logistics and tariffs will be an inevitable proposition for future mines going to sea. Since this year, after experiencing the suspension of shipping, lack of containers, port congestion, strikes, and many other events, the global maritime market is experiencing unprecedented challenges! At present, 90% of the world trade is transported by sea. And poor maritime transport can have a devastating impact on the global economic recovery.

It is reported that, from the fourth quarter of last year, sea freight prices have been soaring, although there is a slight fall after the year, but, this year, the Suez Canal ship blocking incident again made the price rise again. At present, the freight rate of Northern Europe exceeded the $20,000 mark, trans-Pacific to the U.S. West offer has soared to $32,000, more noteworthy is that from July 1, more and more shipping companies to join this price increase queue. In addition to logistical issues, machine space is the biggest problem. According to Reuters, there is simply not enough readily available space in overseas data centers to host these miners.

The mine is not easy to go to sea, the volume is too large, the sea must be self-built, the current to overseas new mine at least three to six months, up to eight months. The construction cost of overseas mines, such as the United States, is roughly four to five times that of domestic mines. After the mine is built, the electricity usage alone is subject to multiple reviews by the local government and power plants for compliance and safety. After the mining machine is delivered to the mine and the electricity is turned on, it is not just put on the shelf, check the wiring and you can mine. This is because there are still many implementation-level and compliance-level standards waiting to be checked. Until the inspection is finished, the mining machine cannot even be placed on the shelf, which will consume a lot of time costs

This most turbulent period in the history of Chinese cryptocurrency mining has basically come to an end, and there is no sign of easing of the relevant regulation, so the hopes of miners who have a fluke attitude are basically dashed. As the difficulty of bitcoin mining rises in the future, the window of time left for miners with a wait-and-see attitude will be no more than six months at most. If you're still on the sidelines, you may not really have a chance.

At the moment, RHY Mining still has some space available for miners to host overseas, so miners who need it can contact customer service.

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