Tā qùnián mǎi le yìduī xiǎnkǎ wākuàng, jiéguǒ bì jià bàodiē.
He bought a pile of GPUs to mine crypto last year, and then coin prices crashed.
Tips
usage
Original meaning is literal mineral mining. Since ~2017 the crypto sense has become dominant online. Context usually makes clear which is meant; 挖矿机 = mining rig.
culture
Before the 2021 ban, Sichuan and Inner Mongolia were major crypto-mining hubs thanks to cheap hydropower and coal. The ban caused global hashrate to crash overnight.
