Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers Abroad

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 The outdated machines are among several hundred-thousand it expects to receive and refurbish around a major <-bsp-bb-link state="{"bbDocId":"S9Y208DWLU68","_id":"0000018e-6b82-d509-adee-6bd30e4b0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">quadrennial update in the Bitcoin blockchain.

Bitcoin mining machines in Colorado warehouse awaiting shipment abroad.

Source: SunnySide Digital

Known as the halving, the late April event will slash the reward that’s the main revenue stream for miners, who will try to ...