The circulating supply of secondhand bitcoin mining equipment in China has been spiking after state-owned power grids were ordered to cut supply for bitcoin mining farms earlier this month. On-chain data shows that about 50 exahashes per second of computing power on the bitcoin network has gone offline since Xinjiang and Sichuan – the two top
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Chinese crypto miners have started dumping used graphic processing units (GPUs) on the secondhand market following China''s bitcoin mining crackdown. Over the past one and half months, there has been an increasing number of new posts for selling stacks of GPUs on Xianyu, which is one of the largest marketplace apps in China for secondhand goods and is owned by Alibaba.
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Second Hands Mining Equipments From China. May 31, 2021 Xianyu, the largest online second-hand marketplace in China, reports a significant surge in the listing of bitcoin mining machines from the regions of Inner Mongolia and Sichuan which are considered to be the most productive mining hubs in the country.
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The circulating supply of secondhand bitcoin mining equipment in China has been spiking after state-owned power grids were ordered to cut supply for bitcoin mining farms earlier this month. On-chain data shows that about 50 exahashes per second of computing power on the bitcoin network has gone offline since Xinjiang and Sichuan – the two top
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Chinese crypto miners have started dumping used graphic processing units (GPUs) on the secondhand market following China''s bitcoin mining crackdown. Over the past one and half months, there has been an increasing number of new posts for selling stacks of GPUs on Xianyu, which is one of the largest marketplace apps in China for secondhand goods and is owned by Alibaba.
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