Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Markuri33 on June 24, 2021, 07:37:23 AM
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The Bitcoin mining manufacturer has suspended sales of machines amidst China’s crackdown on the mining industry. Bitmain Technologies Ltd., one of the industry’s largest Bitcoin mining machine manufacturers, has suspended sales of Bitcoin mining machinery just days after China’s crackdown on the Bitcoin mining industry, per Bloomberg. Bitmain said yesterday that it has paused selling new equipment following a 75% price drop on mining machinery. A confluence of different factors has reportedly led to this shift. Colin Wu, a crypto journalist in China, has reported that as miners shut down their machines, they are also selling those used machines second-hand, which is also impacting Bitmain’s sales.source (https://decrypt.co/74343/bitmain-suspends-sales-bitcoin-mining-machine-amid-china-crackdown)