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3 sats \ 0 replies \ @BTCMiner OP 18 Oct 2022 \ on: The Pain isn't Over for Bitcoin Miners bitcoin
Here's the Tweet by the author of the report that kicked off the Twitter thread where the Coinshares report was first shared:
If miners paid the current US average industrial electricity price (8.96 ¢/kWh), only the latest generation series machines (s19/m30/a12) would generate positive cash flow, which did not hit the market until earliest mid-2020.
aka Margins are v thin for mining companies ..
https://i.postimg.cc/ZR845zgg/image.pnghttps://i.postimg.cc/FKbBfFrj/image.png
https://twitter.com/MatthewKimmell/status/1582402590813302785 [Nitter]
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