Crypto Meltdown Forces a Significant Drop in the Prices of Mining Rigs-9.24

It would seem that the sustained slump in the global cryptocurrency market has forced suppliers of Bitcoin mining hardware all over the world to discount the prices of their machines, per reports on the South China Morning Post (SCMP).

Steven Mosher, a representative of Canaan Creative, the second largest manufacturer of cryptocurrency mining rigs in the world, is already selling off its Avalon-brand equipment at $200 per unit. The flash sale organized by Canaan on Friday marked a major discount programme for the China-based company, which used to sell the AvalonMiner 921, its most powerful crypto mining rig model, for $742.

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