Bitcoin miners have had a difficult 12 months because the community’s mining issue reached an all-time excessive and the spot market value of bitcoin dropped beneath the price of manufacturing. At the moment, with electrical energy prices at $0.07 per kilowatt-hour (kWh), solely 18 application-specific built-in circuit (ASIC) bitcoin mining rigs are capable of flip a revenue at present costs.
Present SHA256 ASIC Fashions Unprofitable at $0.12 per kWh, Solely Two Gadgets Worthwhile at $0.10 per kWh
On December 31, 2022, statistics present that bitcoin’s hash fee is hovering above the 300 exahash per second (EH/s) vary after reaching a low on December 30 at 235 EH/s. Moreover, information from macromicro.me signifies that the present price of manufacturing ($16,577) is almost equal to bitcoin’s present spot market worth ($16,572).
At the moment, the price of BTC manufacturing in keeping with macromicro.me information exhibits the present spot market worth is near-equal.
Macromicro.me calculates the price of manufacturing by “observing consumption of electrical energy and each day issuance of bitcoin, as offered by Cambridge College.” The Cambridge Bitcoin Electrical energy Consumption Index (CBECI) exhibits BTC’s annualized consumption on Dec. 31, 2022, is 84.74 terawatts per hour (TWh). With the present mining issue at 35.36 trillion and present BTC costs at $16,572 per unit, a lot of ASIC mining machines are usually not worthwhile.
On the time of writing on Dec. 31, 2022, Bitmain’s Antminer S19 XP Hyd. is probably the most worthwhile bitcoin mining rig. The machine produces 255 terahash per second (TH/s) and at $0.08 per kWh, the S19 XP Hyd. could make an estimated $5.74 per day in earnings.
As an illustration, at $0.12 per kWh, none of the present SHA256 ASIC fashions are worthwhile with electrical energy prices at that fee. At $0.10 per kWh, two ASIC units are worthwhile and may make $1.14-$2.51 per day in earnings. The highest two machines that may nonetheless revenue at $0.10 per kWh embody Bitmain’s Antminer S19 XP Hyd. with 255 terahash per second (TH/s) and Bitmain’s Antminer S19 XP with 140 TH/s.
18 ASIC Mining Rigs Worthwhile at $0.07 per kWh, Different Consensus Algorithms See Higher Earnings
At $0.08 per kWh, 13 totally different ASIC bitcoin mining machines can seize earnings between $0.13-$5.08 per day. The machine with the bottom earnings at $0.08 per kWh is Bitmain’s Antminer S19j Professional with 100 TH/s. At $0.07 per kWh, one other 5 machines are added to the worthwhile machine record with a complete of 18 ASIC mining rigs in revenue.
On the $0.07 per kWh worth, a bitcoin miner could make between $0.23 per day to $6.35 per day, relying on the machine used. Bitmain’s Antminer S19 XP Hyd. with 255 TH/s and $0.07 per kWh in electrical prices will produce an estimated revenue of round $6.35 each 24 hours.
Whereas SHA256 bitcoin mining machines are seeing fewer earnings than they had been six months in the past, machines that mine various consensus algorithms see higher earnings. The highest three consensus algorithms right now, when it comes to revenue, embody Kadena, Eaglesong, Scrypt, and Handshake.