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 2022 Miners putting difficulty through the roof while trying to send competition out of business. pic.twitter.com/g5akp0RXjf
— Matt C (@mithcoons) November 23, 2022
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.
As mining profitability wanes for older models – even into negative figures – 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.
GM miners!
Bitcoin’s difficulty increased by nearly 1% yesterday to set a new all-time high, and Bitcoin’s price is down to start the week.
As a res
We współpracy z: https://cryptoslate.com/latest-mining-rigs-amp-up-difficulty-to-zone-out-competition/
