Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

During the previous few weeks bitcoin’s value of manufacturing has been greater than the main crypto asset’s spot market worth and in flip, this has put large strain on bitcoin miners. On Nov. 30, 2022, statistics present if miners paying for electrical energy pay roughly $0.12 per kilowatt hour (kWh), solely three application-specific built-in circuit (ASIC) mining rigs are worthwhile. At a fee of $0.07 per kWh, earnings start to extend and information reveals 16 totally different ASIC bitcoin mining units are worthwhile with electrical prices at that fee.

At $0.12 per Kilowatt Hour, Only 3 ASIC Miners Gather Profit Using Today’s Bitcoin Exchange Rate

Bitcoin miners are feeling the ache of a particularly excessive problem score and far decrease bitcoin costs than a 12 months in the past right now. Data from macromicro.me signifies that the price of bitcoin manufacturing ($19,356 per unit) is loads greater than the spot market worth ($16,877 per unit). This means bitcoin miners must receive the most cost effective electrical energy they’ll discover on planet earth, and function with probably the most environment friendly bitcoin mining units in the marketplace right now.

Metrics present the world common value for electrical energy in 2022 is $0.143 per kWh and in particular areas all over the world, common companies and households can spend lower than $0.10 per kWh, and a few areas as little as $0.01 per kWh. Countries that get pleasure from low cost electrical energy charges decrease than a U.S. nickel per kWh embrace Qatar, Russia, Iran, Saudi Arabia, Venezuela, Kyrgyzstan, Cuba, Libya, Uzbekistan, and Kazakhstan.

While low cost electrical energy is sweet for bitcoin miners, in addition they want the best ASIC mining items in the marketplace. Statistics present that solely three ASIC miners are worthwhile if the operation has to pay $0.12 per kWh. The machines that also revenue underneath this electrical energy value ($0.12 per kWh) embrace the Bitmain Antminer S19 XP Hyd. which boasts 255 terahash per second (TH/s), the Antminer S19 XP (140 TH/s), and the Antminer S19 Pro+ Hyd. (198 TH/s).

If {the electrical} value is slashed all the way down to $0.07 per kWh, 16 totally different SHA256-compatible ASIC machines will see a revenue, in accordance with data collected by asicminervalue.com. At $0.07 per kWh, a Bitmain Antminer S19j (90 TH/s) is estimated to provide $0.21 per day in revenue. If electrical prices are reduce down even decrease at $0.05 per kWh, roughly 43 ASIC bitcoin mining rigs will see a revenue.

At that fee ($0.05 per kWh), an Antminer S19 XP Hyd. will get an estimated $9.69 per day, whereas the Ebang Ebit E12+ with 50 TH/s will produce $0.15 per day in earnings, in accordance with asicminervalue.com. Furthermore, SHA256 ASIC machines are the fourth most worthwhile proof-of-work (PoW) units behind algorithms like Kadena, Scrypt, and Eaglesong.

At $0.05 per kWh, PoW ASIC machines which might be appropriate with these three algorithms could make an estimated $20.35 to $42.64 per day in earnings relying on the hashrate output of the precise rig. The most dominant two manufacturers in the marketplace right now, by way of high-powered, next-generation bitcoin miners, embrace Bitmain’s Antminer sequence and Microbt’s Whatsminer sequence.

What do you concentrate on {the electrical} prices bitcoin miners pay and the realized earnings they see after acquiring low cost electrical energy and leveraging high-powered, next-generation ASIC mining rigs? Let us know what you concentrate on this topic within the feedback part beneath.