Prescott Regency - Price Gains Of Bitcoin Lead To Increased Number Of Miners In Singapore

According to one of the key Bitcoin businesses in Singapore, there has been a significant increase in the number of users who are actively buying mining rigs. Dexter Ng of Singapore based SG Mining, stated that the sales of mining rigs have shot up in the last few months. There are now many customers purchasing, ten, twenty and even fifty rigs. Each mining rig is valued between 5,000 USD and 6,500 USD, based on the rig's processing power.

More customers are showing interest in purchasing Bitcoin mining rigs, as the cryptocurrency has increased in value to 7,800 USD. This spike in value could be attributed to the fact that the people who had rallied behind the proposed hard fork, Segwit2x, had declared that they were shelving as if there were an absence of consensus to go ahead. Recently, our team at Prescott Regency has witnessed several people in Singapore catch up with the Bitcoin craze. This has led to a soar in demand for the graphic cards, and mining rigs across the nation.

Significant increase in the demand for Bitcoin mining rigs


According to a report shared by Channel News Asia, SG Mining has experienced a steep rise in the sales of mining rigs in Singapore. An increase in demand for digital currency mining computers has reached a sale of over one hundred rigs per month. This figure is astonishing, considering it was just fifteen in July 2017.

Rise in digital currency exchange users

The good news is that there is a high level of demand in other related areas apart from that of Bitcoin mining rigs. In fact, digital currency exchanges like Quoine and Coinhako have also experienced an impressive double-digit rise in digital currency demands, since the beginning of 2017.

The impressive performance of the different cryptocurrencies in 2017 has resulted in a sky-rocketing demand for mining rigs around the world.

If you want to get in touch with the experts, visit Prescott Regency today.
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