The bell may not yet be tolling for Bitcoin, but it seems to be doing so for many of the ventures focused on mining it. Chinese companies, in particular, have resorted to selling off their older ASICs in any way they can.

Citing a Chinese media report, Finance Magnates said that F2Pool and others were offloading their equipment by the kilo due to the falling price of Bitcoin (BTC), which has dragged mining profitability to rock-bottom levels.

ASICs like the An…

This article appeared first on Cryptovest

Like this: Like Loading...