State of the ASIC Miner Market
Price Dynamics, Network Efficiency & Profitability.
In the first 12 weeks of 2024, there was a remarkable 25% increase in network hashrate. Yet, amidst this surge, ASIC hardware prices remain suppressed and are seemingly out of sync with Bitcoin's bullish price trajectory. What lies beneath this apparent contradiction? Delving into the depths of the ASIC market, we’ll have a close look at the subdued pre…