Another area to keep an eye on is Bitcoin mining, where CoinTelegraph claims that with current prices and mining difficulty, older mining rigs are at risk of being shut down based on data from Bitdeer and others. At that point, they would no longer be profitable to run, with earnings being offset by the cost of the electricity used to power the rigs. According to the article, newer generation hardware can continue to make money even if prices continue to decline, while a unit like Antminer’s S17+ (73T) machine might become unprofitable if the price goes below $22,000.
