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 moreWhich ASIC is profitable?
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 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.
Read moreIs it worth buying an ASIC miner?
While it may seem that ASIC mining is better suited to larger enterprises, it does offer a few advantages to individuals looking to earn some passive income . Given their compact size, you could easily house several ASIC units in a modest apartment. However, be warned.
Read moreHow long do ASIC miners last?
How long does an ASIC miner last? – Quora. 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.
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