
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

BTCMiner

bitcoin

Bitcoin Mining ASIC Firesales Are Here, And They'll Probably Get Hotter | Hashrate Index

> 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.