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<ul class="news-points">
 <li>A recent report reveals that 6000+ outdated Bitcoin mining machines are refurbished and resold to miners across nations.</li>
 <li>The older machines are in high demand in nations with lower electricity charges, especially in African countries.</li>
 <li>Sunnyside Digital CEO Taras Kulyk acknowledges the movement of devices as a natural migration.</li>
</ul>
According to a recent Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-03-23/bitcoin-halving-spurs-exodus-of-old-us-mining-computers-abroad" target="_blank" rel="noopener noreferrer nofollow">report</a>, more than 6,000 outdated Bitcoin mining devices in the United States will be refreshed and resold to miners across the world. Amidst Bitcoin’s <a href="https://coinedition.com/bitcoin-plunges-8-in-largest-daily-loss-since-since-ftx-collapse/" rel="noopener noreferrer nofollow">fluctuations</a> and anticipations of the upcoming Bitcoin halving, the new development is intended to help miners yield profit during the halving event.
The refurbishment of the machines would reportedly take place in a warehouse in Colorado Springs. Later, these devices would be resold to miners across various nations, especially in countries with less electricity costs, like Africa and South America.&nbsp;&nbsp;
The move is led by Sunnyside Digital, a hardware trader and distributor in Canada. Taras Kulyk, the CEO of Sunnyside Digital, acknowledged the matter as a “natural migration.” He asserted that …
The post <a href="https://coinedition.com/6k-older-btc-mining-devices-to-be-refurbished-and-resold/" rel="noopener noreferrer nofollow">Bitcoin Miners Await Further Price Decline in Refurbished Mining Devices</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Miners Await Further Price Decline in Refurbished Mining Devices

Coin Edition

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