The recent surge in Bitcoin's price has led to a 30% increase in mining equipment costs in Shenzhen's Huaqiangbei district, a major global hub for crypto hardware. The Antminer S21 335T, a popular mining device, now costs $5,600, up from last year's price of $3,836.19. There is also high demand for the Antminer S21 XP, causing stockouts on Bitmain's website. Buyers from Russia, the U.S., and Canada are purchasing hundreds or thousands of units, driven by the profitability of mining due to Bitcoin's price increase. Hong Kong has become an important export hub for mining equipment due to its free-trade environment and efficient logistics. The recent mining difficulty adjustment and record hashing difficulty reflect the impact of BTC's price increase on mining economics. Despite China's ban on mining activities, Hong Kong's legal framework allows for the sale and export of mining hardware.



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