With the crypto economy worth just under $2 trillion, application-specific ASIC (integrated circuit) mining devices are making decent profits. While ASIC miners can still mine Ethereum, a 1.5 gigahash (GH/s) Ethash miner can rake in $51.58 per day in profit. SHA256 bitcoin miners, capable of processing at speeds up to 110 terahash, can generate bitcoin profits of $13.74 per day.
Crypto Miners Keep Making Profits, Top Ethereum Mining Rig Can Make An Estimated Profit Of $51 Per Day
The price of Bitcoin (BTC) is still down about 40% from the crypto asset’s (ATH) all-time high, and Ethereum (ETH) is down 37% against the US dollar since the cryptocurrency’s ATH. Despite the drop in value, Bitcoin and Ethereum miners are still making decent profits as both networks hit their hashrate in 2022 ATHs.
Bitcoin hash rate is over 200 exahashes per second (EH/s) and Ethereum hash rate is 1.12 petahashes per second (PH/s). As of mid-April 2022, Ethereum is the most profitable crypto asset to mine between the top two crypto assets.
For example, a single Innosilicon A11 Pro ether mining rig processing the Ethash algorithm at 1.5 GH/s at an electricity cost of $0.12 per kilowatt hour (kWh) can generate an estimated profit of $51.58 per day . However, this mining rig, purchased directly from Innosilicon, is costing the buyer $18,888 or 0.468090 BTC at the time of writing.
A single Innosilicon A10 Pro+ ether mining device (0.7 GH/s) costs $9,000, or 0.223042 BTC, according to the company’s website. After factoring in the purchase price, a single Innosilicon A10 Pro+ running at 0.7 GH/s or 700 megahash per second (MH/s) can generate a profit of $25.28 per day.
Today’s top bitcoin mining rigs are still viable, next-generation SHA256 machines that will hit the public in Q3 — Kadena, Scrypt, X11 Miners Profit
The most profitable bitcoin miner as of mid-April 2022 is the Bitmain Antminer S19 Pro, a machine processing the SHA256 consensus algorithm at 110 terahash per second (TH/s). Using today’s Bitcoin (BTC) exchange rates, a single Antminer S19 Pro makes a profit of $13.74 per day.
Microbt’s 110 TH/s Whatsminer M30S++ gets $13.52 per day using today’s BTC exchange rates and electricity cost of $0.12 per kWh. At press time, an Antminer S19 Pro is priced at $9,460 per unit and the Whatsminer M30S++ is $7,997 per unit.
Just recently, Bitmain announced the launch of two new Bitcoin (BTC) miners called Antminer S19 XP (140 TH/s) and Antminer S19 Pro+ Hyd (198 TH/s). The S19 XP can generate a profit of $20.73 per day at today’s BTC exchange rates and electricity costs of $0.12 per kWh.
While Bitmain’s S19 Pro+ Hyd with the same numbers is currently able to make a profit of $25.89 per day. Besides Bitmain, Microbt has introduced a new bitcoin miner called Whatsminer M50S (126 TH/s) and M50 (114 TH/s). According to both mining manufacturers, the S19 XP, S19 Pro+ Hyd, M50S and M50 will be delivered in the third quarter of 2022.
In addition to Ethash and SHA256 miners, ASICs that can mine Kadena, Scrypt and X11 are also profitable. Kadena miners mine KDA, while Scrypt devices can mine Litecoin (LTC), Dogecoin (DOGE), Digibyte (DGB), and a few others. While X11 machines can mine Dash (DASH), Cannabiscoin (CANN) and Ax (AXE).
Kadena ASIC miners can receive an estimated $50.05 per day and a Scrypt miner can receive an estimated $51.11 per day. A top-of-the-line X11 mining rig can be estimated to produce $16.96 per day and $0.12 per kWh in electricity costs using current exchange rates.
What are your thoughts on today’s top machines and leading crypto assets that can still be mined profitably? Let us know what you think about this topic in the comment section below.
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