Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

russia gets bulk of chinese mining machines amid miners exodus report reveals

Sumary of Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals:

  • Kazakhstan is experiencing power shortages largely blamed on crypto miners while authorities are mulling over the introduction of registration for miners and a higher electricity tariff.
  • The model’s value fell by almost 42% from May to July, the newspaper detailed quoting market data provided by mining company Luxor.
  • Chinese mining hardware manufacturer Bitmain, which builds and offers the S19 device, announced in June it was suspending sales to “help the industry transition smoothly” and reduce market pressure.
  • “The focus of the market has shifted from a lack of equipment to a lack of space for its placement,” a representative of Russia’s Bitriver commented.

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