Crypto’s Resurgence Is Creating A Mining Equipment Shortage

Crypto’s Resurgence Is Creating A Mining Equipment Shortage

In the wake of the last few weeks, the crypto community have been rejoicing at the prospect that the crypto winter is over and a new bull market is on the cards. However, would-be crypto miners are suffering as a result of a lack of equipment.

The large increases in the value of bitcoin over the last few weeks have created somewhat of a secondary market to surge in popularity all of a sudden. The market for crypto mining software. According to new reports, the price of mining equipment in China has close to doubled, with some outlets selling out of their equipment altogether.

Due to the fact that bitcoin is back (or so everyone is hoping) miners are looking to get a slice of that action, which has caused a rush on the market. As it turns out though sellers simply cannot handle this new surge interest as due to the length of the crypto winter, they had not expected popularity to come back so quick and demand is currently far exceeding supply.  

There is some hope for miners though as new machines are set to be shipped, but this could take some long and they are less financially viable for miners to use.

It is expected that this summer is the price continues to grow as it has and more miners look to get involved as many 700,000 mining units could come online in the coming months.

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