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According to a report by the Commercial Times, the Chinese mining craze is starting to fade away. A halt on Bitcoin trading in the country certainly didn't help things, and the falling prices of alternative cryptocoins means miners are struggling to make a profit. According to the report, many miners are quitting the business, and used hardware is flooding the market.
Many mining machines have been available on second-hand trading websites in China priced less than a quarter of those of brand new machines, the report said.
Many mining machines have been available on second-hand trading websites in China priced less than a quarter of those of brand new machines, the report said.