Profitability of the AvalonMiner A1166 Pro is estimated to be $2.77 per day, $83.10 per month, and $1,011.05 per year with current energy and crypto prices, which clearly makes the A1166 Pro one of the most lucrative ASICs.24 Eyl 2021
Read moreHow long do ASIC miners stay 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.
Read moreWhat miner is most profitable?
1. Ethereum (ETH) Ethereum is the second-most valuable cryptocurrency in existence next to Bitcoin. Ethereum is, more or less, the most profitable crypto to mine at the moment due to its price, and is considerably easier and less time-consuming to mine than Bitcoin.
Read moreIs it worth mining bitcoin in 2020?
The long answer… it’s complicated. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020 .
Read moreWhat kind of computer do I need to mine Bitcoin?
You need either a graphics processing unit (GPU) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
Read moreHow much do ASIC miners cost?
In summary, it currently costs between $7,000-$11,000 USD to mine a bitcoin. The lifetime cost of an ASIC miner to mine one bitcoin is on average $15,000-$19,000 USD .
Read moreHow much can an ASIC miner make?
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.
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