The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand machines saw their prices go up by more than 50% in the past year.
Chipmakers Shunning Bitcoin Rig Makers
Fueled by the rising value of bitcoin, the demand for mining rigs has been rising as miners seek to maximize returns. However, as the report explains, chipmakers are making the situation worse as they now prioritize supplying other sectors. According to the report, chipmakers like Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co are reportedly shunning bitcoin mining rig makers.
Quoting Alex Ao vice-president of Innosilicon, the report says chipmakers are choosing to serve “sectors such as consumer electronics” because their demand is…