Shenzhen Crypto Mining Hardware Retail Hotspot Becomes a Ghost Town
An iconic shopping outlet for Chinese crypto miners has fallen under an eerie shroud of silence as the nations mining industry screeches to an abrupt halt.To get more news about ETC , you can visit wikibit.com official website. The Beijing-led crackdown on mining has seen many of the nations key crypto mining provinces stamp out industrial mining, with further sanctions placed on crypto-related banking. All this has led to a sharp decline in hardware sales across the nation. World Finance Chain (via Jinse) reported that prices of certain pieces of mining hardware had fallen by up to 50%. The media outlet reported that graphics cards have become “severely unsaleable,” to the extent that “no one cares, even if prices are cut.” While it was hard to even find graphics cards a few months ago, there now appears to be a surplus of GPUs, particularly with many looking to sell their hardware on the second-hand market. The report‘s author reported from the SEG Plaza in Shenzhen, the...