Hashrate crumbling?
I doubt lower fiat value and rising energy costs will be sustainable for a lot of miners.
I hear Iran is pretty hot nowadays.
Discussion
All things considered I think the amount of capital required to enter bitcoin mining now is much higher than what it should be.
I blame the proof of stake switch from ETH and others, which brought a huge pile of hardware to bitcoin mining.
In the long run I only hope a decentralized solution to btc mining is created (like a high hash rate usb mining device anyone can plug in their home computers) and I hope mining doesnt centralize
Just wait until the halving