Study: miners cut expected profitability in half when pricing

According to the news of The Block on January 22, according to data from crypto mining equipment broker Kaboomracks, in the secondary market, the price of Antminer S9 has fallen sharply since July, and the pricing trend usually follows the daily unit hash Mining revenue (combining the total Bitcoin mining revenue and the profitability indicator of the network hashrate). However, despite daily mining revenues remaining relatively stable, this model has diverged over the past few months as S9 prices continue to fall. This may indicate that miners have cut their expected profitability in half when pricing.