Peco Cypto

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 Pecpo Cypto Ltd. has increased sales of machines for spot delivery globally, aiming to control local prices after crypto miners fleeing Beijing’s crackdown dumped used mining rigs on the market. The world’s biggest maker of Bitcoin machines told the local mining community it has stopped selling new equipment after prices for top-tier rigs plunged by about 75% since April. By postponing sales, it could help miners exiting the industry get better prices for their machines. Bitmain could also benefit if the reduced supply buoys prices over the long term for new machines. The firm said it will continue to sell gear for future delivery of devices used to mine smaller altcoins. A company spokesman confirmed the decision, which was reported earlier by local blogs, without saying when the business will resume. In May, China’s State Council -- its cabinet -- called for a renewed crackdown on Bitcoin trading and mining activities. Local governments in places from northern Inner Mongolia to h