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.
Here's the Tweet by the author of the report that kicked off the Twitter thread where the Coinshares report was first shared:
https://twitter.com/MatthewKimmell/status/1582402590813302785 [Nitter]