Patent argument can potentially reshape the mining market in China

Chinese SIPO, or the State Intellectual Property Office of China will be reviewing a complaint from Yang Zuoxing, the former director of design in Bitmain, the vast and very influential mining corporation. Yang Zuoxing is currently leading a rival company by the name of Bitewei. Chinese legislation allows to revoke the patent as long as the complaining party provides all necessary proofs that it, indeed, was the one that invented a discussed innovation in the first place.
 
Bitmain, in turn, filed a lawsuit against Bitewei, claiming it is trying to infringe Bitmain’s patent rights. If Mr. Zuoxing succeeds, Bitmain will lose patent rights for a key mining component and the market in China will never be the same again, which is absolutely not beneficial for Bitmain and explains why they bothered to file a counter-suit. Mr. Zuoxing tells he expects to hear the decision of Chinese authorities in three months.
 
China has always been a mining frontier due to the very well-developed electronic components manufacturing in this country. It is much easier to build mining farms and found mining companies in a country that makes electronics and hardware for the whole world, including.