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What Does Mining Machine Trading Mean (Cheap Sale of Mining Machines)?

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What does mining machine trading mean? What does mining machine trading mean? I

What Does Mining Machine Trading Mean (Cheap Sale of Mining Machines)?

What does mining machine trading mean? What does mining machine trading mean? In the Bitcoin network, the concept of mining is a method called “mining.” When a machine wants to buy a certain currency, it first needs to store it in the computer. Through this method, it can be determined how the device works and its relationship with its computing power. If this is the case, it can be understood as: an ASIC chip produces several new machines and buys them for mining; then a bunch of old hardware is sold or re-entered the market for sale.

Cheap Sale of Mining Machines

According to Bixin Mining Pool, the total network hash rate of Bitcoin is 125.6TH/s. However, according to the latest data mined by Antminer S9, 10,000 units of S19J were sold on November 15th at a price 10% lower than the market price (equivalent to 60,000 RMB). It is reported that the sellers include three executives from Bitmain, the designers of the Canaan M30 series chips, and several other engineers. Based on the sales price, these four miners earn an average of $50,000 per day. In addition, the second-hand sales also include high-end models such as Canaan G3 and Innosilicon T2.

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