As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, can obtain $13.74 per day in bitcoin profits.
Crypto Miners Continue to Gather Profits, Top Ethereum Mining Rig Can Get an Estimated $51 per Day in Profit
The price of bitcoin (BTC) is still down roughly 40% since the crypto asset’s all-time high (ATH) and ethereum (ETH) has lost 37% against the U.S. dollar since the cryptocurrency’s ATH. Despite the drop in value, bitcoin and ethereum miners are still making decent profits as both networks have seen their hashrate reach ATHs in 2022.
Bitcoin’s hashrate has been running high above 200 exahash per second (EH/s) and Ethereum’s hashrate is 1.12 petahash per second (PH/s). In mid-April 2022, the most profitable crypto asset to mine between both leading crypto assets is ethereum.
For instance, a single Innosilicon A11 Pro ether mining rig, that processes the Ethash algorithm at 1.5 GH/s with electric costs at $0.12 per kilowatt-hour (kWh), can get an estimated $51.58 per day in profits. That mining rig, however, bought directly from Innosilicon will cost 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) will cost $9,000 or 0.223042 BTC, according to the company’s website. After accounting for the purchase price, a single Innosilicon A10 Pro+ at 0.7 GH/s or 700 megahash per second (MH/s), can profit by $25.28 per day.
Today’s Top Bitcoin Mining Rigs Are Still Profitable, Next-Generation SHA256 Machines to Reach the Public in Q3 — Kadena, Scrypt, X11 Miners Profit
The most profitable bitcoin miner in mid-April 2022, is the Bitmain Antminer S19 Pro, a machine that processes the SHA256 consensus algorithm at 110 terahash per second (TH/s). Using today’s bitcoin (BTC) exchange rates, a single Antminer S19 Pro will get $13.74 per day in profits.
Microbt’s Whatsminer M30S++ with 110 TH/s gets $13.52 per day using today’s BTC exchange rates and electric costs at $0.12 per kWh. At press time, an Antminer S19 Pro costs $9,460 per unit and the Whatsminer M30S++ $7,997 per unit.
Just recently, Bitmain announced the launch of two new bitcoin (BTC) miners called the Antminer S19 XP (140 TH/s), and the Antminer S19 Pro+ Hyd (198 TH/s). The S19 XP using today’s BTC exchange rates and electric costs at $0.12 per kWh, can profit by $20.73 per day.
While Bitmain’s S19 Pro+ Hyd, using the same figures, can currently profit by $25.89 per day. In addition to Bitmain, Microbt has revealed a new bitcoin miner called the Whatsminer M50S (126 TH/s) and the M50 (114 TH/s). According to both of the mining manufacturers, the S19 XP, S19 Pro+ Hyd, M50S, and M50 will be shipping in Q3 of 2022.
Besides Ethash and SHA256 miners, ASICs that can mine Kadena, Scrypt, and X11 are profitable as well. 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 axe (AXE).
Kadena ASIC miners can get an estimated $50.05 per day and a Scrypt miner can get an estimated $51.11 per day. A top of the line X11 mining rig can produce an estimated $16.96 per day using current exchange rates and $0.12 per kWh in electrical costs.
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Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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