China’s Crackdown Is Forcing Miners to Dump GPUs on Secondhand Market: Report
7 Jul, 2021•1 min read•Mining
The bitcoin mining crackdown in China is prompting miners to dump their graphic processing units (GPUs) on the secondhand market, according to The Block.
The number of listings on China's most prominent marketplace apps has increased in the last month and a half, The Block reported Wednesday. Prospective sellers are having to lower their asking prices in a bid to shift the units. The trend is a reversal from earlier this year, when supply of GPUs was more strangled and Ethereum miners started turning to gaming laptops with built-in GPUs, much to their manufacturers' chagrin. Despite the crackdown on bitcoin mining in China, there are signs that smaller farms in Sichuan are still operational through direct supply of electricity from hydropower plants, The Block said.