![](/blog/content/images/size/w1384/2022/04/hashrate-update-new-1--1--1.png)
Hashrate Index Roundup (4/17/2022)
Hashprice is down, difficulty is down, ASIC prices are down. It was a red, red week for Bitcoin mining.
Happy Sunday, y'all!
The Luxor Team is coming off the conference circuit and recouping from Bitcoin 2022. With 25,000 attendees and with a music festival component to cap off the week-long festival, Bitcoin 2022 was a riot. Bailey and Co really outdid themselves this year (we'll probably need another week to recover).
Some inside baseball: @TheBitcoinConf cost us $30m+ to produce. That’s effectively a Series C funding round spent over 4 days 🤯🤮. We were def ripped off on some things, but w/o our team’s creative problem solving we could have easily spent $50m… some lessons worth sharing:
— David Bailey🌋 #FreeRoss (@DavidFBailey) April 16, 2022
Thanks to all of those who stopped by our booth and said hullo! And if you're hoping to catch us later in the year, we'll also has a booth at Consensus in June and Mining Disrupt in July.
And with that, time for some data.
Sponsored by BlockFi
![BlockFi Bitcoin mining loans](https://hashrateindex.com/blog/content/images/2022/02/BLOCKFIAD_FINAL.png)
Hashprice Index
![Hashrate Index Roundup Snapshot (April 17, 2022)](https://hashrateindex.com/blog/content/images/2022/04/Hashrate-Index-Snapshot--35-.png)
With Bitcoin's price barely above $40,000, Bitcoin's hashprice is treading below $0.20/TH/day once again at roughly $0.18/TH/day.
![Bitcoin hashprice (March and April 2022)](https://hashrateindex.com/blog/content/images/2022/04/image-7.png)
Bitcoin miners were blessed with another downward difficulty adjustment last week, dropping Bitcoin's difficulty to 28.23 T.
Slight as the adjustment (-1.26%) was, we'll take any difficulty drop we can get, given the waves of hashrate waiting to come online. Last week's negative adjustment was the third negative adjustments of the last 4--a very rare occurence. Disregarding a series of downward adjustments after China's mining bans, the last time that the Bitcoin network experienced 3 downward adjustments in 4 epochs was in November / December 2021.
![Bitcoin network snapshot April 17, 2022](https://hashrateindex.com/blog/content/images/2022/04/image-6.png)
Bitcoin ASIC Index
Bitcoin mining ASIC prices have come down significantly this year.
Since the beginning of 2021, prices for new gen and mid-gen machines have fallen 21% and 34%, respectively. Bitcoin's price decline and a shortage of ample rack space is driving rig prices downward, and they will fall further still should Bitcoin's price continues its dive.
![Bitcoin ASIC miner prices, Hashrate Index ASIC Price Update (April 13, 2022)](https://hashrateindex.com/blog/content/images/2022/04/RIG-PRICE-INDEX-UPDATE--22-.png)
Bitcoin mining profitability fell over the week:
- Antminer S19 Pro: $19.90
- Antminer S19: $17.20
- Whatsminer M30s++: $20.20
- Whatsminer M30s: $15.50
- Antminer S17: $10.10
- Whatsminer M20s: $12.30
- Antminer S9: $2.40
Sponsored by Luxor
![buy bitcoin miners buy bitcoin ASIC](https://hashrateindex.com/blog/content/images/2022/03/ASIC-trading-desk-AD.png)
Bitcoin Mining Stocks
Many Bitcoin mining stocks fell last week in step with Bitcoin itself, and there was little in the way of substantive news.
![bitcoin mining stocks weekly gains (April 11 - April 15, 2022)](https://hashrateindex.com/blog/content/images/2022/04/Frame-613--11--1.png)
![bitcoin mining stocks weekly losses (April 11 - April 15, 2022)](https://hashrateindex.com/blog/content/images/2022/04/Frame-612--12--1.png)
Bitcoin Mining News Roundup
- Iris Energy Announces Commissioning of First 0.3 EH/s (9MW) at Mackenzie BC, Increasing Installed Capacity Above 1.1 EH/s
- TeraWulf Inc. Announces Pricing of $20.6 Million Public Offering of Common Stock
- Bitcoin Miner Crusoe Mostly Not Affected by North Dakota Oil Site Explosion
- Tesla, Blockstream, Block to Mine Bitcoin Using Solar Power in Texas
Happy Hashing, and have a great week!
-Luxor Team
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