April 24, 2024

Crypto miners in China have lowered the price of metal

The price of equipment for cryptomining in China is falling sharply - it is sold at the price of scrap metal, since local miningthe companies continue to close their farms.

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According to Odail, as well as the Epoch Times and a message from the NDTV television company, from April the prices for equipment for extracting cryptocurrencies fell by 50%.

The surplus of used machines put out onFor sale, it became the main reason why the Chinese giant in the production of equipment for mining Bitmain stopped all sales, trying to keep up.

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At the same time on the TV they showed a plot, inone of the miners said that “nowadays many people lose money, but they continue to work on their machines”. By his words, the press did not completely destroy the sector of cryptocurrency production on the mathematician.

With this, Lee noticed that Bitcoin mining (BTC)It has always been a risky business since it was easy for suppliers of electricity to supply mining farms. And now, when teams of bold inspectors are making a round, the chances for finding a new one are higher, which does more

In connection with the fact that many miners are now leaving business, and some vaguely hint at a trip to the United States, in the meantime, in the minds of the

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