Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices

Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Corrientemente, with electricity costs at $0.07 por kilovatio-hora (kWh), only 18 application-specific integrated circuit (asico) bitcoin mining rigs are able to turn a profit at current prices.

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Current SHA256 ASIC Models Unprofitable at $0.12 por kWh, Only Two Devices Profitable at $0.10 por kWh

On December 31, 2022, Estadísticas show that bitcoin’s hash rate is hovering above the 300 exhash por segundo (EH/s) range after reaching a low on December 30 a 235 EH/s. Además, datos from macromicro.me indicates that the current cost of production ($16,577) is nearly equal to bitcoin’s current spot market value ($16,572).

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
Corrientemente, the cost of BTC production according to macromicro.me data shows the current spot market value is near-equal.

Macromicro.me calculates the cost of production by “observing consumption of electricity and daily issuance of bitcoin, as provided by Cambridge University.” The Cambridge Bitcoin Electricity Consumption Index (CBECI) shows BTC’s annualized consumption en diciembre. 31, 2022, es 84.74 terawatts per hour (TWh). With the current mining difficulty at 35.36 trillion and current BTC prices at $16,572 por unidad, a large number of ASIC mining machines are not profitable.

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
At the time of writing on Dec. 31, 2022, Bitmain’s Antminer S19 XP Hyd. is the most profitable bitcoin mining rig. The machine produces 255 terahash por segundo (TE/s) and at $0.08 por kWh, the S19 XP Hyd. puede hacer un estimado $5.74 per day in profits.

Por ejemplo, a $0.12 por kWh, none of the current SHA256 ASIC models are profitable with electricity costs at that rate. At $0.10 por kWh, two ASIC devices are profitable and can make $1.14-$2.51 per day in profits. The top two machines that can still profit at $0.10 per kWh include Bitmain’s Antminer S19 XP Hyd. con 255 terahash por segundo (TE/s) and Bitmain’s Antminer S19 XP with 140 TE/s.

18 ASIC Mining Rigs Profitable at $0.07 por kWh, Alternative Consensus Algorithms See Better Profits

At $0.08 por kWh, 13 different ASIC bitcoin mining machines can capture profits between $0.13-$5.08 por día. The machine with the lowest profits at $0.08 per kWh is Bitmain’s Antminer S19j Pro with 100 TE/s. At $0.07 por kWh, another five machines are added to the profitable machine list with a total of 18 ASIC mining rigs in profit.

At the $0.07 per kWh value, a bitcoin miner can make between $0.23 per day to $6.35 por día, depending on the machine used. Bitmain’s Antminer S19 XP Hyd. con 255 TH/s and $0.07 per kWh in electrical costs will produce an estimated profit of around $6.35 every 24 horas.

While SHA256 bitcoin mining machines are seeing fewer profits than they were six months ago, machines that mine alternative consensus algorithms see better profits. The top three consensus algorithms today, in terms of profit, include Kadena, canto del águila, Guion, and Handshake.

Etiquetas en esta historia
Antminero, ASIC devices, Bitcoin, Bitcoin (BTC), Mineros de Bitcoin, minería Bitcoin, máquinas de minería de bitcoins, Bitmain, Minería BTC, Cost of Production, Dec 2022, Electricidad, Macromicro.me stats, minería bitcoin, Operaciones mineras, plataformas mineras, Production Costs, beneficios, S19 XP, S19 XP Hyd., SHA256 ASIC models, Spot Market Value

What are your thoughts on the difficulties that bitcoin miners faced this year? Do you anticipate that conditions will improve in 2023? Share your perspective in the comments section below.

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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