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 profitable is an ASIC miner?
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 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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