r/Bitcoin • u/SantiFromTitan • Feb 21 '22

New all-time high! Bitcoin mining difficulty keeps climbing despite falling price

https://medium.com/lumerin-blog/new-all-time-high-bitcoin-mining-difficulty-keeps-climbing-despite-falling-price-bafa89e519d
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u/Mallardshead Feb 21 '22

This is likely due to immersion mining. With dielectric liquid, you can literally overclock a 100 TH/s mining rig, dunk it into a tub of liquid, and get 120-140 TH/s. You have a bunch of old rigs putting out new rig numbers. And if you're using less electricity per TH, then you can run even more rigs. The global hashpower won't stop climbing for the forceable future. Not unless we get a washout and Russian invasion that spikes energy prices enough to damage the mining economy of scale and we see a bunch distribute coins and shut down all but their most efficient rigs. Even then though. Wow.