Despite Bitcoin's Price Drop, High-Powered Mining Rigs Still Profit

Despite Bitcoin's Price Drop, High-Powered Mining Rigs Still Profit

THELOGICALINDIAN - Since BTC prices slid beneath the 8K amount ambit mining operations accept been authoritative beneath acquirement On Sunday December 1 alone 13 mining rigs with an boilerplate electricity amount of 012 per kWh are profiting at accepted prices Of advance miners from China and added regions pay far beneath per kWh but earlier mining rigs currently attempt for profits

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High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much

Mining the SHA256 algorithm is still profitable, no amount which bread you mine, whether it be BTC or BCH. For instance, on Sunday it’s amid 0.4-3% added assisting to abundance on the Bitcoin Cash blockchain according to Coin Dance statistics. During the aftermost three hours, the BCH hashrate has been about 4.14 exahash per additional (EH/s), while the BTC alternation has had about 98.03 EH/s. In the aftermost seven days, BTC has averaged about 87.34 EH/s and BCH has apparent 2.60 EH/s.

The accomplished two weeks’ cryptocurrency markets accept apparent abysmal losses while BTC slipped beneath $8K and BCH hovers about $213 per coin. Current prices accomplish it so alone 13 mining rigs are profiting today if they pay $0.12 per kWh. This includes the Bitmain Antminer S17 Pro with 53 terahash per additional (TH/s), Bitmain Antminer S17 Pro (50 TH/s model), Innosilicon T3 (52 TH/s), Bitmain Antminer S17e (64 TH/s), Strongu STU-U8 Pro (60 TH/s), Ebang Ebit E11 (44 TH/s), and Microbt’s Whatsminer M20S (68 TH/s).

At accepted prices, BTC and BCH miners advantageous alone $0.05 per kWh can accept amid a array of 70 assisting devices. At $0.05 per kWh, any mining rig that can action added than 11 TH/s with appropriate ability ability can still accomplish money. Much beyond profits amid $5-10 per day appear from activating mining rigs that can action added than 40 TH/s with ability outputs amid 1500W to 6000W off the wall. With electrical costs at $0.05 per kWh or under, the top mining rigs axis from manufacturers like Bitmain, Microbt, Strongu, Innosilicon, and Bitfury. Machines authoritative beneath $5 per day are bogus by firms such as Canaan, Ebang, Holic, and boilerplate about 20-38 TH/s.

Microbt Plans to Launch an 81 TH/s Bitcoin Miner

In accession to the top machines that action the SHA256 algorithm, Bitmain’s Antminer S17 (73 TH/s) will be aircraft in December. The 73 TH/s Antminer has a ability burning of 2920W according to specifications. Moreover, regional reports from China acknowledge that a new Microbt Whatsminer is on the way that processes college hashrates than the 73 TH/s S17 model. The company’s accepted Whatsminer M20S (68 TH/s) can accomplish a blow over $7 per day if electrical costs are at $0.05 per kWh or below. However, a actor of Microbt called Wu Gang says that the close is absolution a M30S model. The actor said the new apparatus will “deliver 81 TH/s” with a “power burning at 38 watts per terahash.”

Wu additionally told the Wechat association that the M30S will be accurate by Samsung 8nm chips but letters explain that the Japan-South Korea Trade War has put a ache on these efforts. Microbt was founded in 2016 by above Bitmain agent Yang Zuoxing. He was purportedly the processor architecture administrator and helped developed Bitmain’s accepted S7 and S9 models. After abrogation Bitmain, Microbt was sued for allegedly infringing aloft Bitmain’s apparent for mining rig technology. Moreover, aftermost month, Yang Zuoxing was purportedly held in custody by Chinese badge in commendations to Bitmain’s bookish acreage (IP). Microbt actor Wu Gang did not acknowledge back the Shenzhen-based mining dent architect will absolution the M30S.

What do you anticipate about the SHA256 mining rigs that are profiting at accepted prices? What do you anticipate about the Microbt M30S that allegedly processes 81 TH/s? Let us apperceive what you anticipate about this accountable in the comments area below.

Disclaimer: This commodity is for advisory purposes only. It is not an action or address of an action to buy or sell, or as a recommendation, endorsement, or advocacy of any products, services, or companies. Neither the aggregation nor the columnist is responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in this article.

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