Bitcoin prices fluctuate sharply, miners shut down their machines to stop losses: some miners have lost hundreds of millions

The price of Bitcoin has fluctuated greatly recently, and the miners are facing a continuous blow. In the continuous plunge, some miners have begun to liquidate and resell the mining machines second-hand. A miner who owns more than 2,000 mining machines in Xinjiang said that in the past few days, he has mined more than 30 bitcoins in total. According to the current quotation, the income is 2.6 million yuan, but the electricity bill in the same period is as high as 2.8 million. "This is equivalent to losing more and more money, so I might as well shut down the machine." But shutting down does not mean stopping losses. Another miner who owns more than 20,000 M3 mining machines said that the market quotation of these mining machines exceeded 10,000 yuan more than a year ago. "I have a lot of connections, and my purchase volume is relatively large, so I bought it at a price of 6,000 yuan." But under the current currency price and computing power, these mining machines have reached the shutdown price, so no one is interested in second-hand sales. It is basically equivalent to a pile of scrap copper and iron. More than 20,000 mining machines alone are equivalent to a loss of more than 100 million. (Tencent News Frontline)