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. Praegu, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current prices.

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

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

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 detsembril. 31, 2022, on 84.74 terawatts per hour (TWh). With the current mining difficulty at 35.36 trillion and current BTC prices at $16,572 ühiku kohta, a large number of ASIC mining machines are not profitable.

Näiteks, juures $0.12 kWh kohta, none of the current SHA256 ASIC models are profitable with electricity costs at that rate. Kell $0.10 kWh kohta, 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. koos 255 terahash sekundis (TH/s) and Bitmain’s Antminer S19 XP with 140 TH/s.

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

Kell $0.08 kWh kohta, 13 different ASIC bitcoin mining machines can capture profits between $0.13-$5.08 päeva kohta. The machine with the lowest profits at $0.08 per kWh is Bitmain’s Antminer S19j Pro with 100 TH/s. Kell $0.07 kWh kohta, 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 päeva kohta, depending on the machine used. Bitmain’s Antminer S19 XP Hyd. koos 255 TH/s and $0.07 per kWh in electrical costs will produce an estimated profit of around $6.35 iga 24 tundi.

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, Eaglesong, Skript, and Handshake.

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 on Bitcoin-Tidings.com Newsi uudistejuht ja Floridas elav finantstehnoloogia ajakirjanik.. Redman on sellest ajast alates olnud aktiivne krüptoraha kogukonna liige 2011. Tal on kirg Bitcoini vastu, avatud lähtekoodiga kood, ja detsentraliseeritud rakendused. Alates septembrist 2015, Redman on kirjutanud rohkem kui 6,000 artiklid saidile Bitcoin-Tidings.com Uudised täna esile kerkivate häirivate protokollide kohta.

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