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. Trenutno, 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 per kWh, Only Two Devices Profitable at $0.10 per kWh

decembra 31, 2022, statistika show that bitcoin’s hash rate is hovering above the 300 exahash na sekundo (EH/s) range after reaching a low on December 30 pri 235 EH/s. Dodatno, podatke 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 on Dec. 31, 2022, je 84.74 terawatts per hour (TWh). With the current mining difficulty at 35.36 trillion and current BTC prices at $16,572 na enoto, a large number of ASIC mining machines are not profitable.

Na primer, pri $0.12 per kWh, none of the current SHA256 ASIC models are profitable with electricity costs at that rate. pri $0.10 per 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. z 255 terahash na sekundo (TH/s) and Bitmain’s Antminer S19 XP with 140 TH/s.

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

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

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, Scrypt, 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 je vodja novic pri Bitcoin-Tidings.com News in finančni novinar, ki živi na Floridi. Redman je od takrat aktiven član skupnosti kriptovalut 2011. Ima strast do bitcoinov, odprtokodna koda, in decentralizirane aplikacije. Od septembra 2015, Redman je napisal več kot 6,000 članki za Bitcoin-Tidings.com Novice o motečih protokolih, ki se pojavljajo danes.

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