general

The data shows a significant decline in the profits of Bitcoin miners…details here

The data shows a significant decline in the profits of Bitcoin miners…details here

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer The data shows a significant decline in the profits of Bitcoin miners…details here

At around $0.12 per kWh, only 3 ASIC hardware bitcoin miners are collecting profits using the daytime bitcoin exchange rate.

Bitcoin miners are having a hard time and bitcoin prices are much lower than they were a year ago today.

Data from “macromicro.me” indicates that the production cost of bitcoin comes to $19,356 per coin, much higher than the current value of $17,100.

This means that bitcoin miners need to have access to cheap electricity, and work with the most efficient bitcoin mining hardware on the market today.

Metrics show that the average global price for electricity in 2022 is $0.143 per kWh and in select regions around the world, average households and households can spend as little as $0.10 per kWh, and some areas as low as $0.01 per kWh.

Read:Judge rejects Ripple’s proposal to access trading history for SEC employees

Countries with cheap electricity rates include Qatar, Russia, Iran, Saudi Arabia, Venezuela, Kyrgyzstan, Cuba, Libya, Uzbekistan, and Kazakhstan.

While cheap electricity is beneficial to bitcoin miners, they also need the most efficient ASIC miners on the market.

Statistics show that only three ASICs are profitable if the process requires a payment of $0.12 per kWh.

Machines that are still profitable at this electricity cost ($0.12 per kWh) include:

Bitmain Antminer S19 XP Hyd, Antminer S19 XP (140 TH/s), Antminer S19 Pro + Hyd s.

If the electrical cost were reduced to $0.07 per kWh, 16 different SHA256-compliant ASICs would make a profit, according to data collected by asicminervalue.com.

At $0.05 per kWh, ASIC PoW hardware compatible with the three algorithms can generate an estimated profit of $20.35 to $42.64 per day depending on the hash output of the specific miner.

The two most dominant brands on the market today, in terms of high-powered, next-generation Bitcoin miners, include:

Read:The story of a 12-year-old who made over $160,000 in one day in NFT tokens

Bitmain Antminer and Whatsminer series manufactured by Microbt.

Read also:

Markets rose after the Federal Reserve Chairman’s statement on interest rates…details here

Founder of FTX: All US FTX platform users will get 100% of their funds back


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
What you should know about the upcoming Ethereum upgrade “Shanghai”?
Next post
Markets rose after the Federal Reserve Chairman’s statement on interest rates…details here