Chinese Crackdown and the Effect on Mining Rig Prices
The number of bitcoin miners in Thailand surged in 2021 after China’s ongoing crackdown on bitcoin mining forced major players in the industry to quit or to ship their equipment to countries with friendlier regulations.
As explained in an Aljazeera report, a brief price drop that followed the restrictions made it possible for many smaller investors to acquire the mining gear from the fleeing, China-based miners. Although prices of mining rigs have since returned to more than $13,000 for each new machine, it’s suggested that demand for the machines has not waned.
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