Now the math has changed. “When bitcoin dipped below $36,000, I actually unplugged my bitcoin miners,” says one of the leaders of the home mining resurgence, a man who goes by the pseudonym @econoalchemist. His cost of electricity was relatively high, and after the price drop, he was mining at a loss. Because he had no fiat as a cushion (he’s a purist), this hardcore miner had to stop mining.
Source: https://www.coindesk.com/layer2/2022/08/02/to-unplug-or-double-down-crypto-mining-in-crypto-winter/?utm_medium=referral&utm_source=rss&utm_campaign=headlines