The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig is Microbt’s Whatsminer M30S++ (112 TH/s) but with higher bitcoin profits, older machines like Bitmain’s Antminer S9 have seen a revival as every S9 model is profitable today.
New Generation Models Rake in $20 to $29 per Day
The end of August is approaching and over the last month, bitcoin (BTC) prices have increased a great deal. Currently, BTC is over 14% higher in value than it was 30 days ago and this has elevated mining rig profitability.
At the time of writing, there’s 124 exahash per second (EH/s) of SHA256 hashrate dedicated to the BTC chain. BTC’s hashrate has risen dramatically after sliding to a low of 69 EH/s on June 28, 2021. Today’s BTC prices mean that a great majority of mining rigs are showing profits even after subtracting the cost of electricity and dealing with today’s mining difficulty.
As mentioned above, the 112 terahash per second (TH/s) model crafted by Microbt, the Whatsminer M30S++, is currently profiting by $28.77 with an electrical cost of around $0.12 per kilowatt hour (kWh). Most bitcoin miners today spend much less than $0.12 per kWh if they are located in regions with cheap power.
The second most profitable mining machine today is Bitmain’s Antminer S19 Pro (110TH/s) as the mining rig can get up to $28.72 per day in profits using the same electrical cost rate. Microbt and Bitmain manufacture the most profitable bitcoin miners on the market today, and the firm Canaan’s products follow behind the two manufacturing giants.
Old Miners Become Profitable Again
Of course, new generation application-specific integrated circuit (ASIC) models with the latest semiconductors can see daily profits mining BTC between $10 to $25 per day if they are using 100 TH/s units down to 50 TH/s units. If the $0.12 per kWh is cut in half to $0.06 then a great number of rigs can make close to double these rates.
It also means older ASIC machines are profitable today as machines that process less than 50 terahash can pull in small fractions of daily BTC. For instance, the Innosilicon T2 Turbo with 25 TH/s can get around $3 per day using today’s BTC exchange rates and $0.12 per kWh.
The old GMO B2 miner that launched in 2018 with 24 TH/s can make around $2.69 per day in profits. At $0.12 per kWh, the Canaan Avalonminer 921 processes around 20 TH/s, and an owner of this rig can get $2.03 per day. Bitmain’s popular mining rig the S9 at one time was estimated to power around 70% of the BTC hashrate.
Bitmain’s S9 models saw a resurrection in November 2020 and this month, all S9 models are once again profitable. In fact, they are more profitable than they were back in November 2020, when S9 models made between $0.10 to $0.59 per day in profits.
On August 30, 2021, using today’s BTC exchange rate and electrical consumption of around $0.12 per kWh, S9 models between 11.5 TH/s to 16 TH/s can get around $0.74 to $1.85 per day. Of course, the 16-terahash Bitmain Antminer S9 SE is the most profitable S9 model. Other older mining models produced by companies like Bitfury, Bitfily, Ebang, Halong, and more, are seeing profits at today’s BTC prices.
Moreover, one would think that the best SHA256 coin to mine is BTC but on Monday, SHA256 blockchains such as Bitcoin Cash (BCH), Bitcoinsv (BSV), and Ecash (XEC) are seeing higher mining profits. Coin Dance statistics show that it is currently 2.9% more profitable to mine bitcoin cash (BCH) today, and 11.3% more profitable to mine on the Bitcoinsv (BSV) blockchain. Ecash (formally BCHA or Bitcoin ABC) is 10.7% more profitable to mine than bitcoin (BTC) on Monday.
What do you think about the resurgence of profitability with older bitcoin miners? Let us know what you think about this subject in the comments section below.
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The value of bitcoin has dipped a hair in worth this previous week, however the crypto asset continues to be up 14.4% over the course of the final month. Statistics present that Bitcoin’s hashrate has seen a resurgence and since bitcoin’s value has elevated, mining profitability and hashrate has adopted swimsuit. At the moment’s prime bitcoin mining rig is Microbt’s Whatsminer M30S++ (112 TH/s) however with greater bitcoin income, older machines like Bitmain’s Antminer S9 have seen a revival as each S9 mannequin is worthwhile right now.
New Era Fashions Rake in $20 to $29 per Day
The tip of August is approaching and during the last month, bitcoin (BTC) costs have elevated an amazing deal. At present, BTC is over 14% greater in worth than it was 30 days in the past and this has elevated mining rig profitability.
On the time of writing, there’s 124 exahash per second (EH/s) of SHA256 hashrate devoted to the BTC chain. BTC’s hashrate has risen dramatically after sliding to a low of 69 EH/s on June 28, 2021. At the moment’s BTC costs imply that an amazing majority of mining rigs are displaying income even after subtracting the price of electrical energy and coping with right now’s mining issue.
As talked about above, the 112 terahash per second (TH/s) mannequin crafted by Microbt, the Whatsminer M30S++, is at present profiting by $28.77 with {an electrical} price of round $0.12 per kilowatt hour (kWh). Most bitcoin miners right now spend a lot lower than $0.12 per kWh if they’re situated in areas with low cost energy.
The second most worthwhile mining machine right now is Bitmain’s Antminer S19 Professional (110TH/s) because the mining rig can rise up to $28.72 per day in income utilizing the identical electrical price fee. Microbt and Bitmain manufacture probably the most worthwhile bitcoin miners in the marketplace right now, and the agency Canaan’s merchandise comply with behind the 2 manufacturing giants.
Outdated Miners Change into Worthwhile Once more
In fact, new era application-specific built-in circuit (ASIC) fashions with the newest semiconductors can see day by day income mining BTC between $10 to $25 per day if they’re utilizing 100 TH/s models right down to 50 TH/s models. If the $0.12 per kWh is lower in half to $0.06 then a large number of rigs could make near double these charges.
It additionally means older ASIC machines are worthwhile right now as machines that course of lower than 50 terahash can pull in small fractions of day by day BTC. As an illustration, the Innosilicon T2 Turbo with 25 TH/s can get round $3 per day utilizing right now’s BTC alternate charges and $0.12 per kWh.
The outdated GMO B2 miner that launched in 2018 with 24 TH/s could make round $2.69 per day in income. At $0.12 per kWh, the Canaan Avalonminer 921 processes round 20 TH/s, and an proprietor of this rig can get $2.03 per day. Bitmain’s well-liked mining rig the S9 at one time was estimated to energy round 70% of the BTC hashrate.
Bitmain’s S9 fashions noticed a resurrection in November 2020 and this month, all S9 fashions are as soon as once more worthwhile. Actually, they’re extra worthwhile than they had been again in November 2020, when S9 fashions made between $0.10 to $0.59 per day in income.
On August 30, 2021, utilizing right now’s BTC alternate fee and electrical consumption of round $0.12 per kWh, S9 fashions between 11.5 TH/s to 16 TH/s can get round $0.74 to $1.85 per day. In fact, the 16-terahash Bitmain Antminer S9 SE is probably the most worthwhile S9 mannequin. Different older mining fashions produced by corporations like Bitfury, Bitfily, Ebang, Halong, and extra, are seeing income at right now’s BTC costs.
Furthermore, one would suppose that the very best SHA256 coin to mine is BTC however on Monday, SHA256 blockchains reminiscent of Bitcoin Money (BCH), Bitcoinsv (BSV), and Ecash (XEC) are seeing greater mining income. Coin Dance statistics present that it’s at present 2.9% extra worthwhile to mine bitcoin money (BCH) right now, and 11.3% extra worthwhile to mine on the Bitcoinsv (BSV) blockchain. Ecash (formally BCHA or Bitcoin ABC) is 10.7% extra worthwhile to mine than bitcoin (BTC) on Monday.
What do you concentrate on the resurgence of profitability with older bitcoin miners? Tell us what you concentrate on this topic within the feedback part under.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss prompted or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.
