As bitcoin miners expand into AI services, the ASIC miner market has been turned on its head. @luxor COO @ethan_vera says that there will be mass ASIC selling from the public miners over at least the next 24 months as hundreds of thousands used machines enter the market. "Each of those companies is going to be liquidating [tens of thousands] to, in some cases, over 100,000 machines each," he explained on Blockspace Live. And all of this inventory will compete with the new ASIC market as miners weigh the choice of costly new hardware vs. cheaper old hardware: "So basically every quarter there's going to be a big public company that's selling all of their fleet, and that's competing with the manufacturers trying to sell in the market too. Because if you're a buyer of machines expanding your fleet, you're looking at what's the deal from the manufacturers and what's the deal for used machines. They're going head to head." Eventually, though, the bottom could drop out of the market once the trickle of used ASICs becomes a flood, Vera warned, because demand for used ASICs will have trouble keeping up with supply. "I think as as the quarters go on, it's going to become more and more difficult for the public companies to start moving their machines, because there's really no natural buyer of that level of machine."