Mark Mason
Well-known member
Dash Mining Competition Heats Up With New Hardware, Price Decline
The cryptocurrency bear market has been putting increasing pressure on miners and even causing some to shut down completely, but new mining equipment continues to emerge.
Giga Watt, a US-based mining firm, filed for bankruptcy with their liabilities estimated to range between $10-50 million USD and their assets value only around $50,000 USD. Other miners in China are reportedly selling their miners at a loss and even by weight, as many of their machines pass the shutdown price of no longer being profitable and are being replaced by more efficient machines. Initial reports are that small and medium sized mining operations are being hit the hardest by the exchange price declines.
Read more - https://www.dashforcenews.com/dash-mining-competition-heats-up-with-new-hardware-price-decline/
The cryptocurrency bear market has been putting increasing pressure on miners and even causing some to shut down completely, but new mining equipment continues to emerge.
Giga Watt, a US-based mining firm, filed for bankruptcy with their liabilities estimated to range between $10-50 million USD and their assets value only around $50,000 USD. Other miners in China are reportedly selling their miners at a loss and even by weight, as many of their machines pass the shutdown price of no longer being profitable and are being replaced by more efficient machines. Initial reports are that small and medium sized mining operations are being hit the hardest by the exchange price declines.
Read more - https://www.dashforcenews.com/dash-mining-competition-heats-up-with-new-hardware-price-decline/