Bitcoin Mining ASIC Prices Surging


There could be a number of factors contributing to the rising price of bitcoin mining ASICs, components that are central to the specialized machines used to secure the Bitcoin network in exchange for BTC rewards. Supplies are strained, worldwide shipping lanes are congested, there is growing demand from Chinese miners relocating outside of China, and there’s skyrocketing demand and interest in bitcoin.

Even COVID-19 has seemingly been a factor, as Whatsminer factories in Thailand and Malaysia were almost forced to close in August 2021 due to the spread of the virus.


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