Chia Price Sustained Losses Push Investors to Sell Mining Hardware Tools

[RSRS]

Chia (XCH) price is down approximately 84% since hitting its all-time high of around $1,645.

Chia coin miners are not happy with the continued dip in XCH price for the past few months. Chia (XCH) price has dropped from $1,645 attained mid-May to trade around $259 at the time of reporting. Consequently, Chia miners who had purchased mining hardware tools including large storage SSD and HDD for high prices are now dumping at throwaway prices.

“I am selling my hardware I bought three months ago for a loss,” said Quang Thuan, a Chia coin miner in the southern province of Dong Nai.

Notably, Thuan is a member of a Facebook group consisting of Chia coin enthusiasts. Thuan joined the mining industry at a time when XCH price was pumping hard at the beginning of the year.

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