Chinese Crypto Miners Goin Under, Asics Being Turned Into Scrap Metal

The once booming electronics market in Shenzhen has turned into a ghost-town for crypto miners according to a local media report.

The once booming electronics market in Shenzhen has turned into a ghost-town for crypto miners according to a local media report.

While stores would previously showcase asics with flashy colors, now they quietly pile them behind other digital products.

“Merchants said that all mining machines are selling 30% off. If you take more than one, then the price can continue to be negotiated. You can also get more sets of power cords and accessories,” they say.

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