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Chinese crypto miners taken down by bitcoin crash

Mining computer prices plunge as investors flee

Lu's crypto mining center had 7,000 mining computers in June last year. (Photo by Yusho Cho)

SHANGHAI -- Young Chinese who once dreamed of striking gold with cryptocurrency mining have faced setbacks since the bitcoin bubble burst last year.

Lu Qing, a 24-year-old who had made a living cryptocurrency mining in the Tibet-area city of Delingha, recently returned home to Jiangxi Province. Lu was driven out not by the bleak highlands nearly 3,000 meters above sea level, nor by having to board a plane to reach the city center, but by the business failing.

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