With that drop, it's hard to imagine a substantial fraction not taking their machines offline and scaling down.
I don't think so. Taking the machines offline only saves power. Continuing to operate might still be more profitable than trying to sell their mining rigs.
Philipp
Well, as I said, I'm assuming the miner supply side will reach economic equilibrium in the next year and a half. This means that the cost to run a rig would be just under the revenue from the Bitcoins generated in doing so, in the aggregate. Power is a real cost after all. Therefore, dropping the Bitcoins generated by essentially half will cause the rigs to become unprofitable.
Many thanks, Kirian! As soon as I am able, I will see if I can revive that thread.