Answer: Bitcoin mining is profitable with an ASIC in 2021 . As of August 2021, a miner could generate 6.25 coins every 10 minutes. In addition, miners earned transaction fees of between 5% and 10% of the reward after mining a block.3 Mar 2022
Read moreHow long are ASICs 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.
Read moreHow much is a Antminer E9?
Where to buy? PriceROIAKMiner Trusted vendor$29,599.00NeverMining Store 5111 Trusted vendor$29,989.00NeverBitcoin Merch Trusted vendor$59,999.00NeverBitmain Antminer E9 (3Gh) profitability | ASIC Miner Value www.asicminervalue.com › miners › bitmain › antminer-e9-3gh
Read moreIs Bitcoin mining allowed in UAE?
There is no Cryptocurrency law in the UAE. However cryptocurrency mining is legal in Dubai , and on some other point blockchain and mining machine producers are also flourishing. The legal status of Cryptocurrency projects in the UAE is constituted by practices and guidelines.
Read moreWhat is the strongest Antminer?
World’s most powerful bitcoin miner yet. Antminer S19 Pro is an SHA-256 algorithm mining equipment manufactured by Bitmain. It is able to mine Bitcoin (BTC) and Bitcoin cash (BCH) with a maximum hashrate of 110TH/s for a power consumption of 3250W.
Read moreHow long does a Bitmain Antminer last?
Or you can consider it obsolete from now on…But the newest and most efficient Asic miner is Antminer s17 53 and it gives you life span of 2.5 years more or less .
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.
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