Bitcoin miner prices will continue to fall, F2Pool exec predicts
— Fall, Bitcoin, Equipment, Exec, Predicts, Asic, Continue, Mining, Miners, Miner — 1 min read
F2Pool is one of the world’s biggest Bitcoin mining pools, supporting 14.3% of the BTC network. The majority of Bitcoin mining companies have opted to sell their self-mined Bitcoin recently. The proceeds are used to fund operating expenses and to grow capital, as well as reduce obligations under equipment and facility loan agreements. By early June, the price of top and mid-tier ASIC miners reportedly plummeted 70% from their all-time highs in the $10,000–$18,000 range. As of mid-July, Bitcoin mining revenue dropped nearly 80% over a period of nine months, after reaching an all time high of $74.4 million in October 2021. The sharp decline triggered a massive drop Source