Media: In China, ASIC miners are sold by weight due to the lack of …

Media: In China, ASIC miners are sold by weight due to lack of demand in the secondary market

For the recent time hash rate bitcoin fell about 50% of 62 000 000 TH / S up to 35,000,000 TH / S. This is the first such case since 2015. of the year. Until the fall of this year, the hash rate continued to grow, despite protracted depreciation cryptocurrencies.

For the last days in networks video is distributed with piled up by ASIC miners on a street in China. Some people suggest that this is a shooting more early flood, but co-founder of one of the largest mining pools, F2Pool, claims that even if this so, then the situation is not far from real, writes Trustnodes.

After yesterday’s collapse market tens of thousands of our miners clients were disabled“, – said is he.

Media: In China, ASIC miners are sold by weight due to the lack of ...

The network also spreads a photo, on which, presumably, the moment of sale of miners by weight was attested, since their impossible to sell on the secondary market as an independent unit equipment.

Media: In China, ASIC miners are sold by weight due to the lack of ...

Sichuan and other popular mining regions hit by drought in this year, due to than price on electricity there increased, what in his the queue, along with the decline in the price of the cryptocurrency, affected the profitability mining bitcoin.

Also recently it became known bankruptcy of an American mining company company Giga Watt, who owes creditors millions or tens of millions of dollars.

Thus, history repeats itself and begins to resemble 2015, when miners the same went bankrupt amid a protracted decline in the crypto market.