The 4 Phases of the Bitcoin Mining Cycle
Understand the 4 phases of the mining cycle so you can make better ASIC & BTC purchasing or liquidation decisions.
In 2021, a new S19 Pro(110TH) miner was over $12,000USD and now, the same miner can be purchased for less than $7,000
The ASIC miner market is as volatile as the bitcoin price and has its own cycle and phases.
I wanted to know what moved the prices of ASIC miners and why so I wrote this post as I dove into the subject.
Understanding bitcoin mining cycle …
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