Russians sell cryptocurrency mining farms following the fall of Bitcoin

The online service Avito conducted a study of ads for mining equipment. From the beginning of 2018, the demand for farms fell by 73%, and the supply exceeded the January figures by three times. The average cost of equipment decreased by almost a quarter Рto 132.5 thousand rubles. The fall of Bitcoin in recent weeks has almost no affect the number of offers compared to October, but by the end of the year the number of mining farms ads may grow Рthis will directly depend on the course dynamics of the most popular cryptocurrencies.

mining deviceExperts cite several reasons for the increase in supply on the market. This is not only the current drop in quotations, but also the disappointment of owners in mining profitability in the long run. Another reason is the technological improvement of the devices mining and faster entry into the market. In addition, the halo of uniqueness around the process itself has disappeared – the mining farm has ceased to be a miracle of technology and has moved into the category of familiar devices.

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