0 sats \ 0 replies \ @BTCMiner 24 Jun 2022
Here's an archive of the article from Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read.
Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress
https://archive.ph/zHxsJ
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0 sats \ 0 replies \ @kilianbuhn 25 Jun 2022
Falling too much for the hashrate. Falling not enough to mine myself.
I have no hope to actually mine profitable in my apartment. Even if they would sell their asics for a dime, if I heated my apartment in the winter with it. Pity but not a big deal 🤷
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0 sats \ 1 reply \ @BTCMiner 24 Jun 2022
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20 sats \ 0 replies \ @tenderscore 26 Jun 2022 freebie
It's good news for the most efficient miners (who remain profitable today and stand to gain from any hashpower reduction). Core Scientific isn't particularly a well run company. RIOT is tops here with their energy contracts, increasing hashpower efficiency, and debt/btc ratio. Bankruptcies seem likely among the small inefficient miners, but I doubt we'll see any; instead I'd expect consolidation. Plenty of bitcoin on the balance sheets of some miners to go shopping.
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