Quote from: stompix on Today at 01:48:39 PM

Quote from: mikeywith on Today at 02:37:27 AM

It's easy to google countries with cheap power rates but moving there is not, even the so-called crypto-mining-friendly countries will not be as friendly when thousands of gears move there, more regulations will hit every country that has a large share of mining, mining will be a lot more difficult next year than it's now, the Chinese know that and they are being very skeptical, so when I see someone say "oh it's only 3GW worth of power, any small country can host those gears - it will happen next month", I can't help but laugh.

Feeling the same, 3GW might now be much, but there is more than just capacity.
You need 3GW of production, not capacity, you need an extra 3GW even at peak hours and you need 3GW of damn cheap energy.
Even for a large country, all those will not fall in places that easily.

I don't like to be that guy but all that news about Salvador pushing 90MW online and using it for mining is just hype, when you start looking why were they building that well you'll see it the reasons were far more severe:

Quote

In 2019, El Salvador’s electricity generation traded in the wholesale energy market was 6,481.7 GWh while demand was 6361.4 GWh. Total exports to other markets in Central America were 64.83 GWh and imports were 1,449.7 GWh, mainly from Guatemala. Electrification is above 99% of the population in urban areas and 100% in rural areas.

Even as we speak 20% of the energy is imported. Who thinks they will allow miners to use all that when they don't have enough for themselves?

So, who has enough 2-3 cents power to host 80exa of gear? We will see, but I doubt it will be next week or next month.

Meanwhile, the pace is still well below the adjustment, 133 blocks in the last 24h.
We might still see more than -5%.

We are drifting towards -5%. It is hard to say what will happen> I have seen some larger amounts of used miners for sale .

Sellers that are likely real

Miner expert has been selling for years and now has a lot of used gear.