80% Crypto Mining Business Shut Down in 2018

80% Crypto Mining Business Shut Down in 2018

Chinese state television has reported that 70% to 80% of miners have shut down their operations in 2018. A Veteran from Industry: “To my knowledge, 70 to 80 percent of mining farms have ceased operation, and many even declared bankruptcy.” This indicates that the cryptocurrency mining industry in the country was facing turmoil during the year 2018.

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