After the craziest half a year, China's crypto mining entered a period of sharp turbulence from May to June. Under the attack of local governments, most of the mines were shut down. The miners who just entered the high point this year suffered huge losses. The sell-off of some miners under economic pressure also led to a sharp correction in the crypto market.
At the moment, how to dispose of this batch of down-time mining machines and minimize losses is the most urgent problem for miners of all sizes.
Going overseas is the way that miners have placed the greatest hope before, but after a period of exploration, the road to overseas is not as smooth as expected, and some small miners are still trying to stay

After experiencing the craziest half a year, China's crypto mining entered a period of drastic turbulence from May to June.

After the craziest half a year, China's crypto mining entered a period of sharp turbulence from May to June. Under the attack of local governments, most domestic mines have been shut down. The miners who just entered the high point this year suffered huge losses. The sell-off of some miners under economic pressure also led to a sharp correction in the crypto market.

Looking at it now, it is a fact that Bitcoin mining consumes a lot of energy, and the government's crackdown is a foregone conclusion. The transition to clean energy should be a long-term solution for the mining industry to seek sustainable development. At the moment, how to dispose of this batch of down-time mining machines and minimize losses is the most urgent problem for miners of all sizes.

Going to the sea is the way that miners have placed the greatest hope before, but after a period of exploration, the road to sea is not as smooth as expected, and some small miners are still trying to stay behind.