Bitcoin Mining ASIC Firesales Are Here, And They'll Probably Get Hotter | Hashrate Indexhashrateindex.com/blog/bitcoin-mining-asic-firesales-6-22
210 sats \ 4 comments \ @BTCMiner 30 Jun 2022 bitcoin
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20 sats \ 1 reply \ @BTCMiner OP 30 Jun 2022
Mid-gen machines are most susceptible to price shocks. These machines are still profitable enough in a bull market for miners to keep them on hand, but with new machines becoming more readily available, these machines are quickly falling out of favor.
ASIC prices are still (relatively) high in BTC terms given current market conditions and mining economics. So we’ve probably got farther to fall still.
Keep that dry powder ready, y’all. The fire sales (probably) aren’t over yet.
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0 sats \ 0 replies \ @BTCMiner OP 30 Jun 2022
This is the Tweet that kicked off a thread announcing the blog post:
Bitcoin mining ASIC prices continue to approach all-time low valuations in USD terms.
But when we look at BTC denominated rig prices, the markets tell a much different story.
Quick 🧵on some of the data we crunched in today's newsletter👇
https://hashrateindex.com/blog/bitcoin-mining-asic-firesales-6-22
https://twitter.com/hashrateindex/status/1542572620113072128 https://nitter.net/hashrateindex/status/1542572620113072128 <-- Shows the thread in a single, easy-to-read, web page
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20 sats \ 0 replies \ @faithandcredit 30 Jun 2022
Good on MARA. They saving money because of the "bear market clause" in their purchase order which was made in Dec 2021.
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20 sats \ 0 replies \ @shyfire 30 Jun 2022
Ouch, just as Intel releases their new hardware.
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