Quote from: The Pharmacist on Today at 07:29:38 PM

Maybe I don't read crypto news as much as I probably should, but I haven't heard much about solar mining farms much lately. Wasn't there a big one operating, or on its way to be operating, in Texas? In any case, mining does use a lot of electricity but I've seen comparisons with other things like, say, the entire banking system and bitcoin mining is dwarfed by that.

Quote from: NeuroticFish on Today at 04:16:03 PM

One week ago we had ATH for Bitcoin hashrate. This doesn't look to me as "bitcoin miners already scaling down production".

I wonder if that's because of all the GPU miners who suddenly have nothing to mine profitably. Is eBay flooded with used GPUs, and it is difficult to buy ASIC miners right now? Just thinking out loud, but that seems like the logical thing to do for the bigger GPU miners, because it doesn't seem like anything's going to be profitable for quite a while.

Located in the "Steel City" of Whyalla, South Australia, there is a new crypto mining facility will use solar energy to power its operations. The 5-megawatt facility should be producing bitcoin at the Lumos Digital Mining business, a method that is frequently criticized for being energy-intensive.
The new crypto farm may be able to produce roughly 100 BTC annually, according to a representative of Lumos Digital Mining, depending on the available electricity.

https://news.bitcoin.com/solar-powered-crypto-farm-in-australia-to-prove-bitcoin-mining-can-be-green/

And yes, in an effort to make some money back, some miners sold off their racks of graphics cards at steep discounts before jumping ship. Wccftech discovered that some former miners in China and South Asia are even holding livestreamed auctions to get rid of their GPU "stock" in large quantities.
For instance, the RTX 3060 Ti, which miners in China are allegedly selling for between $250 and 350 dollars (about $250 and £350). Especially in the US, even a quick glance at eBay reveals numerous items at about comparable costs.