China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

Cointelegraph

Published Nov 22, 2018 04:01PM ET

Updated Nov 22, 2018 04:21PM ET

China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.

Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin.

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