Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices – Mining Bitcoin News – Bitcoin News

Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices – Mining Bitcoin News – Bitcoin News


While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries.

Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products and Low Prices per Hash

Ever since the crackdown in Sichuan, the number of miners fleeing mainland China seems to have increased a great deal. Bitcoin’s overall hashrate has dropped below 100 exahash per second (EH/s) and remains just under that metric on Thursday morning (EST).

There’s been a number of developments since the initial crackdowns in five different provinces, including pools losing hashpower and mystery hashrate returning. Another thing that’s happening right now is the excess crypto mining rig surplus that’s appearing on second markets.

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