Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms.

Small-scale hydroelectric plants in China are reportedly looking for new customers as crypto miners go abroad amid a nationwide crackdown on mining activity.

According to the South China Morning Post (SCMP), advertisements for small-scale hydro plants with 50-megawatt capacity have surged on Chinese secondhand e-commerce platforms such as Xianyu. 

According to the SCMP, some sellers claimed that their listings were unrelated to the cryptocurrency mining industry, while others said that their bids came as a result of the recent crackdown on crypto mining. 

One seller reportedly said that small dams rely on crypto miners for a customer base because they have not obtained approval from state authorities and environmental protection agencies to connect to the power grid.

 “You can secretly mine cryptocurrency if you buy a hydropower station,” one seller told the SCMP.

The news comes as Chinese Bitcoin (” data-amp=””>BTC) miners are capitulating or relocating their operations to other countries. Bitmain, the largest crypto mining equipment provider in the world, reportedly” data-amp=””>halted global spot sales for its new crypto miners last week in order to avoid losses by customers amid massive selling on the secondary market. A number of key industry players including Bitmain’s rival Canaan and major mining pool have been” data-amp=””>relocating operations to more” data-amp=””>crypto mining-friendly countries such as Kazakhstan.

Related:” data-amp=””>Nvidia GPU prices in China fall amid crypto mining crackdown

Meanwhile, the price of GPUs in the mainland” data-amp=””>has dropped dramatically. Some reports found that this was a result of decreased demand from cryptocurrency miners. Asus’ RTX 3060 card was reportedly selling for $730 earlier this month, down from its peak price of $2,100 in May on online retail site Tmall.