Cheapest mining rig

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.

According to BitInfoCharts, a platform that tracks key crypto metrics, the average reward for mining a block on the Ethereum blockchain is roughly ETH 4, which at the time of writing, is worth $3,140 or roughly Rs. 2 lakh . This suggest that the miner’s rewards here exceed the average by an eye-watering 17,097 percent.

Mining Ethereum made increasingly more money over the course of 2020 and early 2021, with profits effectively doubling within a single month . During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain.

How many Ethereum can you mine a day? Based the mining hardware inputs provided, 0.03344432 Ethereum can be mined per day with a Ethereum mining hashrate of 2,500.00 MH/s, a block reward of 2 ETH, and a Ethereum difficulty of 12,916,993,150,119,321.00.

Home-Based Crypto Mining Profitability If you’re a gamer with a fast GPU-powered PC, you could generate $1 – $10 a day, or maybe more . That being said, once you factor in electricity, the profit per day tends to go down significantly.