Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
China: Crypto Miners Sell off Mining Devices by Kilo Amidst Market Decline
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
'Leaked' Fud??
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
'Leaked' Fud??
The hashrate dropped by 20% in November alone. Some of that went into the hash war, but not all.
Considering the last price drop, it seems reasonable that some of the older inefficient hardware gets thrown out...
...and since the devices are mainly aluminum, the sales by the kilo for scrap seems logical. Wonder why the negative spin? Is cointelegraph.com now main stream news?