You asked: Are Antminers still profitable?

Are Antminers profitable?

According to data published on ASIC miner value, with the new price of BTC, even the old Antminer miners, which used to reach a maximum of 11.5 TH/s, have become profitable. The Antminer S9 is reported to be making less than $3 per day per machine, while the older versions are reportedly still making a loss.

Are Bitmain Antminers worth it?

Conclusion. The Antminer S17 and Antminer S17 Pro are both great choices for the professional miner, especially if bought directly from the manufacturer. Its efficiency is good and should be able to provide decent returns in the current mining environment.

Is mining still profitable now?

As time goes on, mining Bitcoin becomes more difficult, as more miners compete for the next block reward. Today, mining Bitcoin as an individual is rarely profitable unless someone has access to extra low-cost electricity.

Is mining bitcoin profitable 2021?

Mining Bitcoin made increasingly more money at the end of 2020, but profit growth seemingly stopped during March 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain.

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How long will Antminers be profitable?

Around 2 to 3 years in practise. After that, either the device has “burned out”. Or it is competing against so many others that it no longer calculates the hashes fast enough to receive a profitable fee. You can actually estimate it by just looking at the prices these things go for.

How much does Antminer s17 make per day?

0.00 USD / Day

*Please note that values are only estimates based on past performance – real values can be lower or higher.

How long does Antminer S19 last?

The lifespan of the Bitmain S19 Pro or the Whatsminer M30S+ is expected to last four years till the next halving.

Is the Antminer S9 profitable?

At bitcoin’s current price levels and mining difficulty, even a Bitmain’s AntMiner S9 can yield a net profit of $1.50 per day at an electricity cost of $0.05 per kWh.

How much do ASIC miners make a day?

In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.

What is the most profitable crypto to mine?

Most Profitable Crypto to Mine with GPU (Best Coins to Mine)

Name Algorithm ROI since launch
Bitcoin SHA-256 3%
Ethereum Ethash 279,843%
Monero RandomX 5887%
Ravencoin KAWPOW 39%

Is crypto mining profitable?

Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained, although competitive ASICs cost anywhere from a few hundred dollars up to about $10,000. In an effort to stay competitive, some machines have adapted.

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Is mining worth it in 2022?

Yes, mining is profitable in early 2022. Of course, the profit margin depends on the electricity price you are paying. The lower the electricity price, the better the profits.

Is mining still profitable in 2022?

Statistically, crypto mining is still profitable in 2022. However, consider the high electricity cost and maintenance of machinery that comes along with it.

Is mining Ethereum profitable 2021?

Mining Ethereum made increasingly more money over the course of 2020 and early 2021, with profits effectively doubling within a single month.