{"id":277083,"date":"2022-11-23T19:40:43","date_gmt":"2022-11-23T19:40:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=277083"},"modified":"2022-11-23T19:41:24","modified_gmt":"2022-11-23T19:41:24","slug":"latest-mining-rigs-amp-up-difficulty-to-zone-out-competition","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/latest-mining-rigs-amp-up-difficulty-to-zone-out-competition\/","title":{"rendered":"Latest mining rigs amp up difficulty to zone out competition"},"content":{"rendered":"<p>Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07\/kwh.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining profitability by <a href=\"https:\/\/twitter.com\/LuxorTechTeam?ref_src=twsrc%5Etfw\">@LuxorTechTeam<\/a> says it all..<br \/>Antminer S19 XP is 3+ times superior to previous gens \ud83d\udcb0<br \/>2022 Miners putting difficulty through the roof while trying to send competition out of business. <a href=\"https:\/\/t.co\/g5akp0RXjf\">pic.twitter.com\/g5akp0RXjf<\/a><\/p>\n<p>&mdash; Matt C\u26a1\ufe0f (@mithcoons) <a href=\"https:\/\/twitter.com\/mithcoons\/status\/1595394234076520450?ref_src=twsrc%5Etfw\">November 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Comparing the eight Miners displayed in Matt's tweet, it's clear to see the difference in performance is quite stark between the latest 2022 gen rigs and previous gen rigs.<\/p>\n<p>As mining profitability wanes for older models &#8211; even into negative figures &#8211; later 2022 models are amping up the difficulty to such an extent that they are pushing the competition entirely out of the Bitcoin mining business.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GM miners!\ud83c\udf1e<\/p>\n<p>Bitcoin&#39;s difficulty increased by nearly 1% yesterday to set a new all-time high, and Bitcoin&#39;s price is down to start the week. <\/p>\n<p>As a result, hashprice is slipping back toward the all-time low it set two weeks ago\ud83d\udc47<a href=\"https:\/\/t.co\/JN7OmpIB7s\">https:\/\/t.co\/JN7OmpIB7s<\/a> <a href=\"https:\/\/t.co\/8OjSXJGmdc\">pic.twitter.com\/8OjSXJGmdc<\/a><\/p>\n<p>&mdash; Hashrate Index (@hashrateindex) <a href=\"https:\/\/twitter.com\/hashrateindex\/status\/1594743478633861120?ref_src=twsrc%5Etfw\">November 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Bitcoin (BTC) mining data analytics provided by Luxor Mining, detailed that in a snapshot dated Nov. 21st, mining difficulty was up by 0.96%. The team later corrected this value in a comment below stating that &#8220;the last difficulty adjustment was 0.51%, NOT 0.96%.&#8221;<\/p>\n<p>Despite the correction required, the clear message within the snapshot displayed showed that hashprice was beginning to fall as a result of the increase in difficulty, and the decrease in BTC price &#8212; back towards the all-time low of around $54\/PH\/day.<\/p>\n<p>At press time, hashprice has increased since the Nov. 21st snapshot and stands at approximately $58.07\/PH\/Day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07\/kwh. #Bitcoin mining profitability by @LuxorTechTeam says it all..Antminer S19 XP is 3+ times superior to previous gens \ud83d\udcb02022 Miners putting difficulty through the roof while trying to send competition out of [&hellip;]<\/p>\n","protected":false},"author":1398,"featured_media":277202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77873,2376,37],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Latest mining rigs amp up difficulty to zone out competition<\/title>\n<meta name=\"description\" content=\"Mining profitability wanes for older models as later 2022 models amp up mining difficulty to the extent that competition can&#039;t keep up.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/latest-mining-rigs-amp-up-difficulty-to-zone-out-competition\/\" \/>\n<meta property=\"og:locale\" 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