Higher Bitcoin Prices Cause Resurrection of Old Mining Rigs, Obsolete Mines See New Life

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While bitcoin’s price dropped a little last week, it is still up 14.4% for the month. Statistics show that Bitcoin hashrate has seen a revival. As bitcoin’s price has risen, mining profitability has also increased. Microbt’s Whatsminer S30S ++ (112 THB/s) is currently the best bitcoin mining platform. However with higher bitcoin profits, older machines such Bitmain’s Antminer S9 can see a revival. Each S9 model is now profitable.

Next-gen models earn between $ 20 and $ 29 per hour

The end August is nearing and for a month, Bitcoin (BTCPrices have risen a lot in recent years. Currently, BTCIt is now worth over 14% more than it was 30-days ago, which has increased the profitability and efficiency of the mining rig.

At the time this article was written, there were 124 exahash per sec (EH/s), of SHA256 hash. BTCChain BTCAfter falling to a low of just 69 pE/s in June 28, 2021 the hashrate has risen significantly. BTCThe prices are so high that most mining rigs are still making money, even after subtracting the electricity cost and facing the current mining difficulties.

Higher Bitcoin Prices Create Resurrection Of Old Mining Rigs, Obsolete Miners See New Life
Statistics via Monday August 30, 2021

As mentioned above, the Microbt-designed 112 terahash/s (TH/s), model, the Whatsminer M30S++ is currently being used. Take advantage of $ 28.77With an electric cost of $ 0.12 per Kilowatt hour (kWh), If they are located in areas that have cheap electricity, bitcoin miners typically spend less than $ 0.12 a kWh.

Bitmain’s Antminer S19 Pro (110TH/s) is the second most profitable mining machine. This mining rig can make up to $ 28.72 per day with the same electric cost rate. . Microbt and Bitmain are the most profitable bitcoin miners available today. Canaan’s products are a direct result of these two manufacturing giants.

Former miners make a comeback.

Next-generation Application Specific Integrated Circuits (ASIC) models that use the most recent semiconductors can make daily profits. BTCThey can earn between $ 10 to $ 25 per day if they consume 100 TH/s units and 50 TH/s units. A lot of rigs can earn nearly twice the rate if the $ 0.12 per Kilowatt is reduced to $ 0.06.

This means that machines that process less that 50 terahash per day can be profitable. BTC. For example, the Innosilicon T2 Turbo 25 TH/ s can earn around $ 3 per Day using the BTCExchange rate and $ 0.12/kWh

Higher Bitcoin Prices Create Resurrection Of Old Mining Rigs, Obsolete Miners See New Life
Bitmain S9 statistics via on Monday August 30, 2021.

The former GM B2 miner, which had 24 TH / s in 2018, can earn around $ 2.69 a day in profit. The Canaan Avalonminer921 can produce around 20 TH/s and a daily income of $ 2.03 for its owner. It costs $ 0.12 perkWh. Bitmain’s most well-known mining rig, S9 was at one time estimated to account for 70% of BTC havehrate.

Bitmain’s S9 Models had a resurrection in Nov 2020, and now all S9 Models are profitable again. They’re actually more profitable than they were in November 2020 when the S9 models made between $ 0.10 to $ 0.59 per day.

The following information will be available on August 30, 2021. BTCWith an exchange rate of $ 0.12 perkWh and power consumption of $ 0.12/kWh, S9 models with 11.5 TH/s and 16TH/s can earn between $ 0.74 and $ 1.85 per daily. The Bitmain Antminer S9SE16 terahash S9 is the most profitable S9-model. Other mining models, such as Bitfury, Bitfily and Ebang, Halong, and many other companies, are also making profits at this level. BTCPrices

Higher Bitcoin Prices Create Resurrection Of Old Mining Rigs, Obsolete Miners See New Life
Bitcoin Cash (BCH) block statistics via Coin Dance on Monday, August 30, 2021.

Moreover, I would imagine that the best SHA256 portion to mine is BTCOn Mondays, however, SHA256 blockchains such Bitcoin Cash (also known as Bitcoin Cash) are available.BCH), Bitcoinsv (BSV) and Ecash (XEC) register higher mining profits. Coin Dance statistics indicate that it is currently 2.9% more profitableTo extract bitcoin cash (BCH) today, and 11.3% more profitable mine on Bitcoinsv (BSV) blockchain. Ecash (formerly BCHA, Bitcoin ABC) is a cryptocurrency. 10.7% more profitableMine than bitcoin (BTCMonday

What do you think about the resurgence in profitability with ex-bitcoin miners? Comment below to share your thoughts about this topic.

This story has tags

$ 0.12 per kWh ASIC miners ASIC, Bitcoin Miners Bitfily BitFury Bitmain, Canaan and Ebang, power consumption Electricity, Exahash Ogm, Halong Hashpower Hashrate Innosilicon, Microbt mining, bitcoin mining platforms, New Miners Old Miners Profitability, Profitability Profits, S9 SHA256 Terahash

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