Small Scale Mining Pools are Selling Miners at Low Prices in China

It is reported that miners in China has been at low prices since the beginning of second half year. The price of miner has plunged from 20,000 RMB to 2,000 RMB, or even no one answered.

On CaiyunBit, the online platform of second-hand miner selling, a second-hand Ant Miner S9 is around 1,200 RMB, while a brand new S9 through the official channel is 3,000 RMB.

The majority of selling miners are small miners and small-scale mining pool that joined in the game at the end of 2017 or the beginning of 2018, when the cost was high and bitcoin was much more valuable.

However, mining pools with large scale are still profitable, as their electricity fee is cheaper than that of small and medium-scale mining pools. The more miners they own, the cheaper electricity for each miners they cost.

Also, some capitals and large-scale mining pools are optimistic on the mining industry. It is like real estate in blockchain. They still believe mining industry is profitable.