Gees... This seems bad, however I have to wonder how long this can be sustained. There are so many what ifs I guess.
I wonder how much they are deploying at a time.
BitFury rhythm is about 10-20MW every two months. The 25% three jumps ago was their 20MW Georgian DC.
Not so long. Their hardware is outdated. They wasted too much time playing with LightFury (scrypt 55nm ASIC).
List of recent failures:
- Still didn't TO their custom UMC 40nm effort (AFAIK, unconfirmed)
- Scrapped big 28nm ASIC on Thermals. They got burnt from big ASICs and keeping the small ASICs design approach.
- Scrapped 20nm custom ASIC effort. "Too complicated and takes too much time". Straight from the horse mouth.
- Starting again a fully custom 28nm ASIC
Just by judging what HW is currently being sold (and bought!!) at crap-bay, I also think that a significant chunk of the current hashrate soon will just disappear because they realise that they only make a couple of bits with it... wonder if this will have any impact.