In mid-May 2023, statistics showed that 18 different kinds of machines for mining Bitcoins were able to make money with the current Bitcoin exchange rate. Also, the best machines used for this purpose are created by three famous companies since not many others are making them.
Unlocking Bitcoin’s Profitable Potential With Sha-256
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Right now, computers on the Bitcoin blockchain are managing an average of 353.9 exahash per second (EH/s). On May 2nd, 2023, we witnessed a new record when the network hit 491.15 EH/s at block height 787,895. The cost of a single Bitcoin (BTC) is currently just under $27K dollars. A website called ‘asicminervalue’ shows that there are 18 different types of computer chips that can make money for their owners mining BTC right now depending on current exchange rates.
According to asicminervalue.com, the six most money-making bitcoin mining tools are the top ones.
In 2023, it’s a surprise that only three companies make mining rigs for Bitcoin. Those companies are Bitmain, Microbt and Canaan. All 18 of the most successful miners who get profits from using SHA-256 were made by these three companies.
In 2023, the top three most famous companies that make machines for mining Bitcoins are going to be really important.
The Bitmain Antminer S19 XP Hydro is the best mining rig available currently. It produces an impressive 255 terahash per second. Bitmain has been around since 2013, and makes 10 of the highest-quality miners out there. Based on current prices of Bitcoin, with electricity costing $0.12 per kilowatt hour, this miner will yield about $9.29 a day in profits!
On the left, we have the Bitmain Antminer S19 XP Hydro. On the right side, there’s an Antminer S19 XP.
The Antminer S19 XP is the second most profitable ASIC rig, producing 140 TH/s and making around $4.82 each day at the same energy costs. Coming in at third place is Microbt’s Whatsminer M56S, generating 212 TH/s and earning an estimated daily income of $4.44.
The Microbt-brand Whatsminer M56S and the Canaan Avalon-made A1366 are two of the most popular Bitcoin miners out today. The Antminer S19k Pro can mine 136 TH/s (terahashes per second), but the more powerful Antminer S19 Pro+ Hydro is capable of 198 TH/s. With electricity costing about $0.12 per kWh, these miners can make around $3.40 to $3.70 a day in profit. Another great miner is the Canaan Avalon A1366, which has a mining rate of 130 TH/s and makes around $3.17 a day.
Right now, if the cost of electricity is $0.12 per kilowatt-hour and the price for Bitcoin remains the same, you can make money by using 18 different mining machines. But if we can get electricity for less than $0.12 per kWh, then more types of machines with lower output become worth investing in.
The usual cost of electricity is around $0.14 for each kilowatt-hour (kWh). But interestingly, there are some countries such as Iran, Cambodia, Afghanistan, Belarus, Cape Verde, Brazil, Central African Republic, Bhutan and Azerbaijan where you can get an electricy rate from between $0.01 and $0.05 per kWh. Share your thoughts below about Bitcoin mining and the major manufacturers who control it.
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