Bitmain suspends sales of cryptocurrency mining equipment
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According to the source, the Chinese company Bitmain, which produces equipment for the extraction of cryptocurrencies, has decided to suspend its sales. This is said to be an attempt to keep hardware prices from falling further. Just since April this year, prices for high-end Bitmain installations have already dropped by about 75%.
The fall in prices is considered one of the consequences of the actions of the Chinese authorities against local miners. In particular, it is closely related to the oversaturation of the market with second-hand installations, which flooded on sale throughout China after the rapid and decisive suppression of cryptocurrency mining in the country.
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