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 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.
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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