@smiiile
Post-2024 Bitcoin halving, hashprice dropped ~59% (from ~$0.12 to ~$0.049/TH/s/day by Apr 2025), squeezing margins sharply. Latest ASICs (S21/M60, <20 J/TH) are mandatory to offset costs; legacy rigs are being retired en masse, raising entry barriers and favoring scale.
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