Cryptocurrency mining hardware manufacturers may be throwing in the towel
By Moris Beracha .- A large number of companies that have significantly invested in the production of cryptocurrency mining hardware may be throwing in the towel, driven by the stagnation of the market. Some portals such as Amazon have had to sell mining machines, video cards, and power sources, among other equipment, at discounted prices to exhaust the existence of these equipment and of course avoid excess of inventory. In early 2018, these products were sold at profitable prices, but the sharp drop in prices of Bitcoin, Ethereum and other cryptocurrencies led to a major beating in prices for these products. In a press release, the Japanese consortium GMO Internet Inc., a competitive cryptocurrency mining hardware manufacturer in the market, announced its decision to cease operations in its cryptocurrency mining business. The company, specializing in Internet infrastructure, reported that the losses of its business related to cryptocurrency mining...