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TSMC Reportedly Limits Supply To Bitcoin Mining Players As Demand Surges Amid Crypto Frenzy chinamoneynetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinamoneynetwork.com Daily Mail and Mail on Sunday newspapers.
Global chip shortage hits China's bitcoin mining sector thehimalayantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehimalayantimes.com Daily Mail and Mail on Sunday newspapers.
Global shortage of chips affects China’s bitcoin ‘mining’ sector 24 Jan 2021 The picture shows representations of virtual currency bitcoin. File/Reuters A global chip shortage is choking the production of machines used to ‘mine’ bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency value boosts demand. A cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Analysts said that the scramble is pricing out smaller miners and accelerating an industry consolidation that could see deep-pocketed players, many outside China, profit from the bitcoin bull run. ....
The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing disruptions in their manufacture. According to one report, these disruptions are causing a shortage of rigs on the market and the subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand machines saw their prices go up by more than 50% in the past year. ....
La escasez global de chips afecta al sector minero de bitcoines en China rt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rt.com Daily Mail and Mail on Sunday newspapers.