Mining rigs are getting cheaper mainly due to a decline in bitcoin’s hashprice, the revenue miners generate per terahash of computing power. This measure of profitability, which factors in Bitcoin’s network difficulty, price, energy costs, block subsidies and transaction fees, has been “choppy and steadily decreasing” in the past year, Harper said.

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• Source: https://www.coindesk.com/consensus-magazine/2023/07/26/bitcoin-miners-buy-up-rigs-as-prices-near-all-time-lows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines