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

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Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits – Application-specific integrated circuit mining machines are making respectable profits as the crypto currency sits just under $2 trillion in value. While ASIC miners may still mine ethereum, a 1.5 gigahash per second (GH/s) Ethash mining device can generate $51.58 in revenues each day. Bitcoin miners using the SHA256 algorithm and processing at speeds of up to 110 terahash can earn $13.74 per day in bitcoin profits.

Bitcoin (BTC) has lost about 40% of its value since its all-time high (ATH), while ethereum (ETH) has lost 37% of its value versus the US dollar since its ATH. Despite the price reduction, bitcoin and ethereum miners are generating profit, as both networks’ hashrates have reached all-time highs in 2022.

The hashrate of Bitcoin has been topping 200 exahash per second (EH/s), while the hashrate of Ethereum is 1.12 petahash per second (PH/s). Between the two biggest crypto assets, ethereum is the most profitable to mine in mid-April 2022.

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For example, a single Innosilicon A11 Pro ether mining rig using the Ethash algorithm at 1.5 GH/s with $0.12 per kilowatt-hour (kWh) electric costs can earn an estimated $51.58 per day. That mining equipment, however, will set you back $18,888 (or 0.468090 BTC) if purchased straight from Innosilicon at the time of writing.

According to the company’s website, a single Innosilicon A10 Pro+ ether mining unit (0.7 GH/s) will cost $9,000 or 0.223042 BTC. After deducting the purchase price, a single Innosilicon A10 Pro+ running at 0.7 GH/s (700 MH/s) may make a daily profit of $25.28.

The Bitmain Antminer S19 Pro, which processes the SHA256 consensus algorithm at 110 terahash per second (TH/s), is the most profitable bitcoin miner as of mid-April 2022. A single Antminer S19 Pro will earn $13.74 per day using today’s bitcoin (BTC) exchange rates.

Using today’s BTC exchange rates and $0.12 per kWh electric costs, Microbt’s Whatsminer M30S++ with 110 TH/s earns $13.52 per day. The Antminer S19 Pro costs $9,460 per unit, while the Whatsminer M30S++ costs $7,997 per unit at the time of publication.

Bitmain has introduced the Antminer S19 XP (140 TH/s) and Antminer S19 Pro+ Hyd (198 TH/s) bitcoin (BTC) miners. Using today’s BTC exchange rates and $0.12 per kWh electric costs, the S19 XP can earn $20.73 per day.

Using the same data, Bitmain’s S19 Pro+ Hyd can currently earn $25.89 per day. In addition to Bitmain, Microbt has unveiled the Whatsminer M50S (126 TH/s) and M50 (114 TH/s) bitcoin miners. The S19 XP, S19 Pro+ Hyd, M50S, and M50 will be available in Q3 2022, according to both mining manufacturers.

Also Read: Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits – ASICs that can mine Scrypt, Kadena, and X11 are also profitable, in addition to Ethash and SHA256 miners. Scrypt devices can mine dogecoin (DOGE), litecoin (LTC), digibyte (DGB), and a few more coins, while Kadena miners can only mine cannabiscoin (CANN), KDA. Dash (DASH), and axe (AXE) may all be mined on X11 machines.

ASIC miners with Kadena can expect to earn $50.05 per day, while Scrypt miners can expect to earn $51.11 per day. Using current exchange rates and $0.12 per kWh in electricity expenses, a top-of-the-line X11 mining rig can generate an estimated $16.96 per day.

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