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Crypto Mining

Prices of Bitcoin Miners in China Have More Than Doubled

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The bitcoin mining frenzy is on and miner rigs are once again in high demand following the recent market escalation. It saw the industry emerge from a five-month crypto winter.

According to current Chinese media reports, prices of popular bitcoin processing machines have more than doubled in the past 6 months.

Demand for the devices is allegedly outstripping supply and making it exceptionally hard for mining farm operators to get ahold of new machines. Second-hand miners that were previously only being sold in bulk due to a drop in demand are becoming increasingly expensive.

China is a major crypto ...

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