Newly Released Crypto Mining Data Shows Lowering BTC Mining Profitability, Only 5 Rigs Remain Viable
Over the course of the past year, the global crypto community has been exposed to a host of new mining rigs that claim to process more terahash per second while consuming less energy. With that being said, ever since the current bear market has gripped the altcoin sector, many of these machines have not been able to yield any profits. If that wasn't enough, many mining rigs are currently collecting dust since they haven’t even been shipped out yet (due to poor demand).
The Silver Lining
Despite the digital currency sector struggling to stay afloat these days, data accumulated from Asicminervalue.com shows that there are still “five mining devices” that have been able to yield okay-ish profits this calendar month. However, out of these five machines, two are still not available in the market for commercial purchase.
It is also worth mentioning that the data available on the aforementioned website takes into consideration a host of niche factors associated with ASIC mining profitability. Some of them include:
- electrical costs
- current network difficulty
- block reward
- exchange rates
More On The Matter
At press time, the most profitable mining rigs include those machines that have been manufactured by Ebang, Asicminer, Innosilicon, and Bitmain. To be even more specific, we can see that Ebang’s Ebit E11++ currently has the highest profit yield out of all the altcoin mining devices in the market. The Ebang mining rig is priced at $2,500 and has the ability to derive a daily profit of around $1.39. However, E11++ can only be procured via two vendors at this time.
Another rig that is currently yielding a decent profit return is the Asicminer 8 Nano. The machine can process 44TH/s but pulls 2,100W from the wall. In terms of its daily yield, the Nano 8 ropes in around $1.02 every 24 hours. It is available to buy through Canadian dealer Mining Cave for a price of $2,045.
The other rigs that are currently profitable include:
- The Nano Pro: It is designed to process 76TH/s but draws a mammoth 4,000W. However, its profitability is quite low ($0.59 per day).
- Antminer S15: Bitmain’s premium offering has the capacity to produce about 28TH/s, while drawing in a total of 1,596 Watts of energy. The overall profitability of the Antminer currently stands at around $0.27 per day.
While many mining rigs were launched throughout the year, it has just come to light that most of these machine are causing investors to lose between $1.90-4.98 per day. For example, the now infamous Halong Mining Dragonmint T1 sees their owners lose a whopping $1.87 per day.