Quote from: philipma1957 on Today at 08:41:31 PM

Quote from: alh on Today at 07:22:45 PM

It seems to me that a $60K BTC price won't support a lot of increase in terms of actual new hash rate. Might "accelerate" the turnover of old gear with newer and more efficient gear, all with an associated fiat price cost to do so.

60k is hard on any s19 with 6cent power.

you need to buy a s21 or a t21

Well, it looks like they are already turning off the machines.
This devaluation does not allow older machines to be in operation.

Quote from: https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   849363 (16 minutes ago)
Current Pace:   95.7209% (628 / 656.07 expected, 28.07 behind)
Previous Difficulty:   83716654861184.52
Current Difficulty:   83675262295059.9
Next Difficulty:   between 80284599685717 and 81856919060370
Next Difficulty Change:   between -4.0522% and -2.1731%
Previous Retarget:   last Thursday at 10:14 AM (-0.0494%)
Next Retarget (earliest):   July 4, 2024 at 6:08 PM (in 9d 18h 33m 17s)
Next Retarget (latest):   July 5, 2024 at 1:15 AM (in 10d 1h 40m 29s)
Projected Epoch Length:   between 14d 7h 54m 1s and 14d 15h 1m 13s