Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers Abroad
- Outdated machines may be profitable in low-cost energy areas
- Ethiopia, Paraguay among countries becoming mining ‘players’
This article is for subscribers only.
About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.
Wholesaler SunnySide Digital operates the 35,000 square-foot facility taking in the equipment from a mining client. The outdated machines are among several hundred-thousand it expects to receive and refurbish around a major quadrennial update in the Bitcoin blockchain.