Plus difficulty went up by 6%, but the price is currently down again. The miners are more bullish than the speculators?
If we talk about this 6% jump it means that miners were bullish 6 months ago!
6% at 400 exa is around 240 000 Asics, that's something around 720 MW, you don't set up things like this overnight.
If you go through press releases from Riot or Mara or other big players you will see some of them have already listed their plans for q4 2023 or een q1 2024, some are going all out some are just restructuring and some are just dropping their gear or returning it, like Core did to extinguish 40 millions of debt.
Using the methane processed from waste to produce cheap energy
Now, the problem! Is it really cheap? Because nobody is mentioning any price!
You're right, but the point of the project is about the diversion of the waste. Instead of having something thrown somewhere, why not burn it and produce something with it?
If you're a miner and could have the opportunity to add the concept to your farm, why not?
Hihi, that triggers memories, yeah, been there, done that and now I only have three miners in the basement, because with all subsidies for biofuel, with another set of subsidies for reducing energy demand through this, we still ended up this year barely a few cents under what the grid operator charges, so we would rather make heating pellets and sell them than burn it for electricity. And this is Europe, no way in hell you're going to compete with a gas or coal plant in the US without someone taking all the initial cost off your shoulders or the government actively subsidizing your business.