Challenging year for Bitcoin-Miner, since fewer BTC mining rigs are profitable at current prices-

Challenging year for Bitcoin-Miner, since fewer BTC mining rigs are profitable at current prices-

Bitcoin-Miner had a challenging year because the mining difficulties of the network reached an all-time high and the Bitcoin Spotmarkt Prize fell under the production costs. Currently, only 18 Bitcoin mining rigs with application-specific integrated circuits (ASIC) are able to make a profit at current prices at electricity costs of $ 0.07 per kilowatt hour (kWh).

Current SHA256-Asic models unprofitable at $ 0.12 per kWh, only two devices profitable at $ 0.10 per kwh

on December 31, 2022, Statistics Bitcoin above the range of 300 Exahash per second (EH/S) hovers after she reached a low on December 30th at 235 EH/S. In addition, data from macromicro.me stipulates that the current production costs (16.577 $) almost the current spot market value of bitcoin ($ 16,572).

challenging for bitcoin-miner, BTC MINING RIGS are profitable at current prices
The costs of bitcoin The production according to the data from macromicro.me shows that the current spot market value is almost the same.

macromicro.me calculates the production costs by "observing the electricity consumption and the daily issue of Bitcoin, as provided by the University of Cambridge". This is shown by the Cambridge Bitcoin Electricity Consumption Index (CBECI). bitcoin ’s Annualized consumption On December 31, 2022, 84.74 Terawatt per hour (TWH) is. With the current mining difficulty of 35.36 trillions and currently Bitcoin prices from 16.572 per unit are not a large number of ASIC-MINING machines profitable.

challenging for bitcoin-miner, BTC MINING RIGS are profitable at current prices
At the time of writing on December 31, 2022 was Bitmain Antminer S19 XP Hyd. is the most profitable Bitcoin mining rig. The machine produces 255 terahashs per second (TH/S) and costs $ 0.08 per kWh, the S19 XP Hyd. can win an estimated $ 5.74 a day.

at $ 0.12 per kWh, for example, none of the current SHA256-Asic models is profitable for these electricity costs. At $ 0.10 per kWh, two ASIC devices are profitable and can achieve $ 1.14 to $ 2.51. One of the two top machines that can still benefit at $ 0.10 per kWh is Bitmain Antminer S19 XP Hyd. With 255 terahashs per second (Th/s) and Bitmain Antminer S19 XP with 140 Th/S.

18 asic mining rigs profitable at $ 0.07 per kWh, alternative consensus salgorithms see better profits

At $ 0.08 per kWh, 13 different ASIC-Bitcoin mining machines can achieve profits between $ 0.13 and $ 5.08 per day. The machine with the lowest win at $ 0.08 per kWh is Bitmins Antminer S19J Pro with 100 Th/S. For $ 0.07 per kWh, the profitable machine list add another five machines with a total of 18 ASIC mining rigs.

With a value of $ 0.07 per kWh, a Bitcoin miner can earn between $ 0.23 per day and $ 6.35 per day depending on the machine used. Bitmins Antminer S19 XP Hyd. With 255 Th/s and $ 0.07 per kWh of electricity costs, an estimated profit of around $ 6.35 is achieved every 24 hours.

While SHA256-Bitcoin mining machines make fewer profits than six months ago, machines that dismantle alternative consensus salgs achieve better profits. The three largest consensus salgorithms today, measured by the profit, are Kadena, Eaglesong, Scrypt and Handshake.

What do you think about the difficulties with which Bitcoin-Miner were confronted this year? Do you assume that the conditions will improve in 2023? Share your perspective in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology 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 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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