Cyber safety analyst, Matt C, highlighted the rising strain of the most recent mining rigs upon earlier generations of miners as hashing prices attain $0.07/kwh.
#Bitcoin mining profitability by @LuxorTechTeam says all of it..
Antminer S19 XP is 3+ occasions superior to earlier gens 💰
2022 Miners placing issue by way of the roof whereas making an attempt to ship competitors out of enterprise. pic.twitter.com/g5akp0RXjf
— Matt C⚡️ (@mithcoons) November 23, 2022
Evaluating the eight Miners displayed in Matt’s tweet, it’s clear to see the distinction in efficiency is kind of stark between the most recent 2022 gen rigs and former gen rigs.
As mining profitability wanes for older fashions – even into destructive figures – later 2022 fashions are amping up the problem to such an extent that they’re pushing the competitors solely out of the Bitcoin mining enterprise.
Bitcoin’s issue elevated by practically 1% yesterday to set a brand new all-time excessive, and Bitcoin’s value is down to start out the week.
Consequently, hashprice is slipping again towards the all-time low it set two weeks in the past👇https://t.co/JN7OmpIB7s pic.twitter.com/8OjSXJGmdc
— Hashrate Index (@hashrateindex) November 21, 2022
The Bitcoin (BTC) mining knowledge analytics supplied by Luxor Mining, detailed that in a snapshot dated Nov. twenty first, mining issue was up by 0.96%. The group later corrected this worth in a remark under stating that “the final issue adjustment was 0.51%, NOT 0.96%.”
Regardless of the correction required, the clear message inside the snapshot displayed confirmed that hashprice was starting to fall on account of the rise in issue, and the lower in BTC value — again in direction of the all-time low of round $54/PH/day.
At press time, hashprice has elevated because the Nov. twenty first snapshot and stands at roughly $58.07/PH/Day.