China Says Its Running Out of Crypto Mining Equipment


Key Topics in this News Article:

News Snapshot:

Bitcoin Ethereum News China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units. China Is Starting to Lose Its Edge Right now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare mining chips have become. Many analysts believe that this could...