Quote from: Ratimov on Today at 04:24:44 PM

The capitulation of miners is getting faster:

I was surprised to see TeraWulf in green there, but that screenshot is just 24 hours I guess,

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PERFORMANCE
5 Day   18.49%
1 Month   -8.26%
3 Month   -16.93%
YTD    -92.99%
1 Year -96.90%

I don't know a single mining company that's publicly traded that hasn't been hammered to the ground lately, there might be a few that lost a little but also probably small operations that haven't seen the same bull run previously either, so their stocks weren't inflated.

And the reason for the layoffs is simple:

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The influx of money into the crypto industry has become lower than in the last bearish cycle of 2018-2019:

There is no money inflow, there is no money pouring from the sky to pay inflated wages to hundreds of people, new projects are not attracting investors as much, there are no buyers, and the much needed clean-up time is finally here when a ton of useless stuff will finally be thrown where it belongs, in the garbage bin.
Anyone who believed we could simply have millions of people living from crypto by just creating coins and trading back and forth shitcoins is going to have a serious wake-up call, the only services that will not be affected that much will be the ones that don't depend on the value of the coin, gambling sites or merchants because they don't sell coins, they sell services or goods.