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Jan 24, 2018 China's crackdown on Bitcoin miners has prompted a flood of secondhand equipment onto the market, easing a global bottleneck for the servers used to we want to get 50,000 machines out of China,' Dan Reitzik, chief executive officer of DMG Blockchain Solutions Inc., a crypto miner .
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Bitcoin Miners Strain Under Semiconductor Supply Crunch, SecondHand Mining Rig Prices Soar. Date: 00:30 . Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China.
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As many Chinese mines have been shut down recently, there are a large number of firsthand secondhand mining machines for sale at low prices .
· While bitcoin miners in China have been scrambling, secondhand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus.
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China "banned" bitcoin probably a dozen times before they actually ended up regulating exchanges into nonexistence, the largest expenditure is the amount of power consumed by the initial investment in mining machines and the daily operation of mining machin, then there could soon be a lot of second hand Chinese mining equipment on.
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