[ad_1]
The current crash of cryptocurrency prices has adverse consequences for miners in China and Russia, with media in both countries reporting mbadive blackouts and equipment sales. Some experts from both countries, however, believe that new opportunities could arise as a result of market panic.
Some feel positive potential and choose to stay in the game. Chinese media Caixin quotes the director of the operation of a Chinese company Sea of mines, which operates farms in Yunnan, Sichuan and Inner Mongolia, said, "We have not yet shut down our machines because we also offer financial products to help customers control these risks." now that the rivals "have temporarily stopped operating their machines"
And the Russian media Kommersant quotes the co-founder of the ICG The cryptocurrency fund said that even though "the Russian-born miner is slowly disappearing," the country's big companies are ready to intervene with cutting-edge technology, perhaps leading to a second boom in the economy. mining industry.
However, for many, the period is still difficult and bitcoin miners are under increasing pressure to sell their coins.
Caixin quotes an insider from the mining industry as saying that some of the country's miners had "stopped their operations", with Bitcoin prices falling below the "closing price", the level below which the price was lower. Mining actually stops being profitable.
F2pool, one of the largest mining deposits in China, said that Bitcoin prices had fallen below the miners' closing price of US $ 0.05 / KwH for electricity and using Bitmain Antminer S7, Avalon's Miner A741 and the low frequency version of USED Whatsminer M3 +. F2pool officials also said earlier this week that between 600,000 and 800,000 Bitcoin miners had stopped their activities in the past two weeks.
At the same time, in Russia, Kommersant quotes the co-founder of a mining operator and a hardware manufacturer CMR as indicated, the mine's facilities had "temporarily suspended their activities at the request of the project participants, the cost of electricity currently exceeding the revenue from mining". Equipment.
Marketplace Application Youla, Russia's response to eBay, has announced a 25% increase in the number of its mining equipment and a "simultaneous drop" in bid prices for both ready-made mining platforms and video cards. Youla pointed out that the terms "Mining" and "Bitcoin" were now being researched four times less often than at the beginning of the year, as Russia was in the midst of a crisis. mining.
____
___
Meanwhile in China:
Buy an orange get a free old miner lol #BTC pic.twitter.com/NUDmMN4MAz
– Mia Tam (@_blockandchain_) November 26, 2018
[ad_2]
Source link
