Endless short: as sellers of Asimov pushing mining to the abyss
Source:
You do Not need to remind you about how bad a bear market for miners. Due to the fall in profitability of production of crypt market hardware (GPU miners) are almost completely cooled. Once popular products that swept like hot cakes, now collect dust in the warehouses of manufacturers and sellers.
«indicator» red market is now China. The country's real crisis among sellers of Asimov, their customers no longer visit the dealer and order new equipment. All of this suggests a sharp drop in demand, which is unlikely to rise in the next few months.
theWhere to buy cheap asik
In the largest commercial area of Guangdong province, a sharp decline in the number of buyers. In the area of the floors from the third to the fifth is reserved only for shops with equipment for mining. They have empty shelves, few employees and product. On a photo of one of the local Newspapers buyers do not see.
To somehow survive on the market, the company introduced the policy of dumping prices. Take, for example, the average seller A. He received the order for the batch to some Asimov M10 at a price of 5600 yuan apiece. This cost in itself is too low to make a profit, the goods And out of stock. What does Mr. A in this situation?
Source: 8btc
He spreads rumors that soon the market will be the biggest party of the M10 at a price of 5500 yuan. Other sellers are forced to lower their prices and Mr buys And they have asik at the new price. His client, he sells them for 5600 yuan, 100 yuan making profit on every asika.
Note that you can earn so long will not work. This pushes the market into the abyss, after all, infinitely short of the equipment impossible. To get out of the trap, we need to pump Bitcoin, now enterprise is stuck in a vicious circle. Let's hope that bullrun to rectify the situation. And while profitable to mine on our pool . We also recommend to pay attention to .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
What is Bitcoin like gold? An opinion of a trader Oanda
best of all, the Bitcoin will reach their potential as a means of accumulation. This statement attempts to refute a trader from new York-based company Oanda Stephen Innes. In his opinion, the main cryptocurrency falls for one reas...
The expert called the fair price of Bitcoin. It is ten times higher than the current rate
Known cryptonic and co-founder of Fundstrat Global Advisors Thomas Lee told Bloomberg that "fair value is significantly above current prices". Veteran market analysts said that considering the number of active Bitcoin wallets and ...
Stabilini: 5 main problems of scriptaction fixed price
In late October, the Coinbase exchange was beginning to take USDC, and already pretty well accustomed to the major exchanges. So today we'll talk about the main risks stabilini expose the ecosystem. We will remind, supported by do...
The whole truth about the fork: Cash better than Litecoin Litecoin?
We continue our series of articles on forkam major currencies. In the end, the ancient mastodons aren't always solid — they are sometimes too hard to budge to correct. And although the world of the blockchain means the trust and p...
Only 4 of the crypto currency exchange up to 100 thousand active users. What?
since the crypt is still far from wide adoption by the masses, a large part of market activity accounted for by speculators and traders seeking to cash in on unprecedented volatility. While data from recent studies show how a negl...
What cryptocurrencies can't be trusted? A list of the most centralized coin
Decentralization was one of the most important reasons for which you should use blockchain. However, even the most well-known projects in the industry of crypto currency is centralized. So says the Creator of Dogecoin Jackson Palm...
Players get ready: Razer will help you mine cryptocurrencies at home. But does it make sense?
a multi-billion dollar gaming equipment manufacturer Razer has released a new program through which gamers will be able to use their unused cards for mainiga cryptocurrency. The main trick here is that in fact gamers will not be a...
Everything on the bottom: Bitcoin falls again to its annual low
the Week will soon come to an end, and Bitcoin was never able to break through the resistance area of $ 3475. After a bad test line, the cryptocurrency fell below, now it is on track to support at the level of the annual minimum. ...
Hackers hunt for owners of the Ethereum wallets. How not to lose all the cryptocurrency?
you still get to mine crypto-currency a plus? Be careful, because hackers never sleep. According to Bitcoinist, fraudsters launched a full-scale campaign to search for and hacking vulnerable Ethereum wallets and even farms for min...
on Monday 10 December hardwork Zcoin. The main difference between the updated network was the algorithm of mining. The developers refused Lyra2z and turned on the Merkle Tree Proof, is also known as MTP. The main purpose of the up...
Google reported on popular queries for 2018. Bitcoin hit the top
Google has published its annual report on searches for 2018. According to Google Trends, after 2017 search by term «Bitcoin» quickly came to naught, however, most of the requests were associated with the first crypto cur...
Bitcoin will absorb all Fiat will increase to 100 thousand. Interview with max Kaiser
Edition of Bitcoinist once again contacted the one and only , a veteran of wall street and leading program the Keiser Report. He explains why not upset from-for falling of Bitcoin prices, why not pay attention to the ICO, and how ...
What will happen to Bitcoin? Popular predictions for the end of 2018 more irrelevant
Many capturadora and enthusiasts hoped that by the end of 2018 Bitcoin and other popular crypto currencies will increase in value, and then get a big way to celebrate the winter holidays. Throughout the year, we watched as analyst...
Mike Novogratz: bullrun is a drug, that we got rid of
Recently, one of the main supporters of the cryptocurrency on wall street Mike Novogratz gave an interesting interview to Bloomberg in which he compared the current state of the stock market «methadone therapy». He also ...
Acne Buterin: PoS and sharding will increase the efficiency of the blockchain thousands of times
acne Buterin again decided to give quite a long lecture in his Twitter. The main developer of Ethereum explained why blackany based on PoS and sharding will become the basis for the future of the industry. According to him, these ...
In early November, the company two asika S15 and T15, which run on 7-nanometer chips. Now Bitmain has prepared for customers a new surprise — Antminer S11 with an even more economical use of electricity. Like the previous two devi...
Following the cryptocurrency bullrun is only a matter of time. Review investor
a Specialist in real estate and cryptocurrency investor Eric Dalius talked to the representatives of the Bullion Tech. He noted that Bitcoin has very big power, even despite all the skepticism and fall courses. In his opinion, the...
The Winklevoss twins launch the app for cryptotrading and go on a little vacation
According to an official blog post, the founders of the cryptocurrency trading platform Gemini Tyler and Cameron Winklevoss have launched a mobile app for cryptotrading. The new platform allows you to buy and sell the crypt, but a...
Comments (0)
This article has no comment, be the first!