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126 sats \ 4 replies \ @longdonjohn 3 Sep 2022 freebie \ on: Daily discussion thread
What explains the huge rise in Bitcoin mining hashpower recently? Any idea?
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141 sats \ 0 replies \ @BTCMiner 3 Sep 2022
My assumption: There were a number of rigs that got powered down by around mid-May as they no longer remained profitable when the exchange rate collapsed. When it was apparent the price wasn't going to quickly rebound (i.e., in a bear market) there were then decommissioned, boxed, and sold to someone else who has a lower cost of electricity and are now being powered back on.
Similar sentiment stated in the mining section of this weekly newsletter:
Blockware Intelligence Newsletter: Week 53 #65782 https://newsletter.blockwareintelligence.com/p/blockware-intelligence-newsletter-fba
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20 sats \ 0 replies \ @jp 3 Sep 2022
Energy prices in some areas may actually be declining which makes mining profitable again? Not data to fully support this but a thought
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20 sats \ 0 replies \ @faithandcredit 3 Sep 2022
3nm chips coming online but im just guessing
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20 sats \ 0 replies \ @m4 3 Sep 2022
I guess the miners is receiving their equipment which they ordered months ago.
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