Quote from: FP91G on March 02, 2024, 06:29:05 PM

Mining companies buy electricity in volumes up to the consumption of a certain amount of power every month. These prices take into account seasonal price changes. I don’t think it’s possible to conclude such an agreement for several months. And it takes time to connect large capacities for mining.

I do not think that this is what is happening now. This data was correct when most of Bitcoin was mined in China, and at that time miners used to transport mining equipment to Sichuan during the rainy season, and when energy prices rose again, they returned to coal-based generation. Things have changed a lot and no. I wonder if there is a country that currently has this feature.

Quote from: Outhue on March 04, 2024, 01:33:17 PM

Or can they remold them or turn them to something that will be useful in the process of making a new latest asic miner?
Am I making sense or completely wrong?

ASIC is an Application-specific integrated circuit, and since it is manufactured for a specific purpose, its reuse for other purposes is limited. What can be done is to update it and improve its efficiency to a certain level. Some companies buy used mining equipment because it is cheaper and because they have access to low electricity and make a good profit.
Electricity prices greatly affect the profitability of these companies, and if you can get cheaper equipment and cheaper electricity, you will inevitably continue to work with equipment that is not profitable for most mining farms.