Updated 8 Feb. 2017: This post is updated to include more price fluctuation details of miners.

After hitting a record-high of $20,000 last December, the price of bitcoin has plunged below the $6,000 mark today for the first time since October 2017. However, Bitcoin investors are not the only ones who suffer from the tumble, miner sellers at China’s largest maker fair Huaqiangbei also find themselves are having a hard time selling the specialized mining equipment(in Chinese).

Lots of gadget sellers in the market have hoarded Bitcoin miners on bullish prospects of the market last year. But no one expected the cryptocurrency mania to cool off this fast and turn these risk takers into victims of the extremely volatile market.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.