Bitcoin-Mining Machines: For Sale on Deep Discount
The most efficient bitcoin-mining machines are selling for 77% less than last year. The machines, used to process transactions, currently cost about $24 per 100 “terahashes,” a measure of the machine’s computing power, according to mining-services firm Luxor Technology Corp.
Once the Federal Reserve started raising interest rates, risk assets became less attractive. Tech stocks and cryptocurrencies alike fell sharply. When bitcoin crashed—it’s currently down about 70% from a year ago—mining companies’ expenses, especially their debt payments, overwhelmed their revenue. For some, their only move to raise cash right now is to sell their hardware. Other mining companies have also seen stark declines in their stock value.
Source
t.me/Mining_Crypto_Miner
