Post #1084

📉Bitmain is dumping the prices of ASICs The mining giant has sharply reduced the prices of its machines, both old and new. The reason is the deterioration of the mining economy - the network's hash rate is at a low point, and Bitcoin has fallen, resulting in a shrinking profitability and ASICs simply no longer being able to pay for themselves properly. 🔽As a result: the demand for new equipment has fallen and Bitmain is forced to rapidly cut prices in order to somehow maintain sales. 🤨 When even Bitmain itself is dumping, it means that the hardware market is overheated to the maximum.