Bitcoin Hashrate Closes to Document Excessive in Might – BTC Mining Gear Produced in 2016 Nonetheless Worthwhile – Mining Bitcoin Information

Whereas the worth of bitcoin has remained properly above the $60K vary, the community’s hash charge has risen to over 184 exhash per second (EH/s) as mining tools is way extra worthwhile at these costs. The worth has made it in order that older technology mining tools manufactured 4 years in the past, with processing energy in extra of 8 terahash per second (TH/s), could make each day revenue mining the main crypto asset.

Bitcoin hashrate pushes Ethereum’s hashrate to all-time excessive

On November 15, 2021, the hash charge of bitcoin reached 184 EH/s, amassing 17.19% extra hashpower than that seen by the community simply two days earlier on November 13. The hash charge of Bitcoin (BTC) is approaching its all-time excessive (ATH). , which was recorded on Might 9, 2021 at 191 EH/s. In keeping with knowledge from, at this time’s Bitcoin hash charge metrics present that hashpower is barely 3.8% away from surpassing its ATH.

Bitcoin hashrate nears record high in May – BTC mining equipment produced in 2016 still profitable
In keeping with, the bitcoin hash charge as of November 15, 2021.

Along with the hash charge of BTC close to ATH, the excessive costs of Ethereum (ETH), the second largest crypto asset by way of market valuation, have additionally pushed its community hashrate. At 932 TH/s, Ethereum’s hashrate may be very shut to 1 petahash per second, or 0.001 EH/s. The hash charge of Ethereum has already reached one ATH and continues to soar, capturing new information.

Bitcoin hashrate nears record high in May – BTC mining equipment produced in 2016 still profitable
In keeping with, the Ethereum hash charge as of November 15, 2021.

It’s value it for miners to mine Ether, as ETH is the third most worthwhile community to mine in comparison with BTC. At press time, essentially the most worthwhile ether mining rig Innosilicon A11 Professional which produces 1,500 MegaHashs (MH/s) per second, or 0.0015 TH/s, can rake in $109.29 per day. Utilizing at this time’s Ether change charges and $0.12 per kilowatt-hour (kWh) in electrical energy consumption, the revenue estimate stems from

Utilizing At present’s Trade Charges, High 3 Bitcoin Miners Earn $36 Per Day – Bitcoin Miners Created 4 Years In the past Nonetheless Revenue

Ether mining rig income exceed BTC mining income stemming from essentially the most worthwhile application-specific built-in circuit (ASIC) mining gadgets. Nonetheless, the three SHA256 appropriate miners available in the market at this time may earn $36 per day in revenue utilizing energy consumption and $0.12 per kWh at at this time’s BTC value.

Bitcoin hashrate nears record high in May – BTC mining equipment produced in 2016 still profitable
The highest three ASIC bitcoin miners as of November 15, 2021, in line with

In keeping with knowledge from, the Microbt Whatsminer M30S++, Ipollo B2, and Bitmain Antminer S19 Professional are essentially the most worthwhile BTC miners available in the market at this time. All three fashions have hash speeds of over 100 TH/s. The Canaan Avalonminer 1246, which claims 90 TH/s, produces an estimated $27.55 per day utilizing at this time’s change charges. Moreover, other than the highest mining tools pulling within the highest income, old skool miners from 2016 at the moment are making income.

Bitcoin hashrate nears record high in May – BTC mining equipment produced in 2016 still profitable
Old fashioned bitcoin miners created in 2016 that produced no less than 8.7 TH/s can nonetheless reap the benefits of mining bitcoins.

For instance, utilizing $0.12 per kWh in electrical energy per day and at this time’s BTC costs, a Bitmain Antminer R4 (8.7 TH/s) may fetch no less than $1.18 per day. The R4 mining rig was produced in 2017 and the favored Bitmain Antminer S9 (11.5 TH/s), manufactured 4 years in the past, can fetch as much as $1.53 per day at $0.12 per kWh with energy charges.

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Jamie Redmayne

Jamie Redmayne is the Information Lead at Information and a monetary tech journalist based mostly in Florida. Redmayne has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for bitcoin, open-source code, and decentralized functions. Since September 2015, Redmayne has written over 5,700 articles for Information concerning the disruptive protocol rising at this time.

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