Quote from: FP91G on February 22, 2024, 04:07:34 PM

And what will happen to these ASICs next?
Will they be sold to other countries or disposed of?

If you want to buy a used ASIC now, don't do it. After halving there will be a big discount on such ASICs on the market.

Some companies mine Bitcoin in special tax-free areas with access to cheap electricity and once miners get old or unprofitable, they sell them to local people at a big discount and these people, who live in the mountains, have access to free electricity and generate some profit via discounted miners.

Quote from: philipma1957 on February 22, 2024, 04:19:32 PM

People do mine at a loss so getting a s19 pro 110t at 900 bucks looks good to them.

Mining at a loss was always popular. I know that some people mine certain coins at a loss to support the coin but Bitcoin isn't the exception as I know. I've heard from people who mine at a loss that they mine it to hold it and sell it when the price goes up but isn't it better to invest money into Bitcoin? Instead of buying a miner, buy the coin and instead of mining at a loss, invest that money monthly in Bitcoin.