Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
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.