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.
Good on MARA. They saving money because of the "bear market clause" in their purchase order which was made in Dec 2021.
Ouch, just as Intel releases their new hardware.
This is the Tweet that kicked off a thread announcing the blog post:
https://twitter.com/hashrateindex/status/1542572620113072128
https://nitter.net/hashrateindex/status/1542572620113072128 <-- Shows the thread in a single, easy-to-read, web page