Bitmain Reductions Bitcoin Mining Machines in an Already Depressed Market

Bitmain Reductions Bitcoin Mining Machines in an Already Depressed Market

by Jeremy

Final 12 months, miners have been clamoring to signal advance contracts with Bitmain and its friends, MicroBT and Canaan, as a bull market despatched the bitcoin value to a document excessive, driving up manufacturing. Demand has since slowed and the value of rigs has dropped from a mean of $68/TH on Jan. 1 to $20.8/TH on Sept. 20, Luxor Applied sciences knowledge present.

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