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Your questions about cryptocurrency answered

Do these new ASIC miners really pay for themselves in 5 days?

Do these new ASIC miners really pay for themselves in 5 days?

How much does mining bitcoin pay per day?

Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. That’s $600 million per month. A mining machine costs $2,000-$20,000, making it difficult for anyone but professional miners to mine.

How long are ASIC miners profitable?

The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an ASIC miner can prolong their lifespan for more than 5 years.

Are ASICs worth it mining?

Q #3) Is ASIC mining better? Answer: Yes. they are better than CPUs and GPUs in the mining of cryptocurrencies. They are more powerful in terms of processing power, where they can process much more data per unit of time.

What is the most profitable ASIC miner?

Miners profitability

Model Release Profitability/day
KD6 Apr 2022 $23.25
Antminer L7 (9.5Gh) Nov 2021 $22.45
Antminer L7 (9.16Gh) Nov 2021 $21.29
Antminer L7 (9.05Gh) Feb 2022 $20.92

How often should you clean ASIC miner?


Cleaning your Miner

Try to clean your ASIC bitcoin miner monthly, or as needed depending on your air quality. You will be able to tell when it is needed because you can see visible lint, or because your average daily mining speed drops by more than 5%.

How long will AntMiner S19 be profitable?

two years

Antminer S19 XP 140 TH Profitability

Although we bring in less BTC, we can still be profitable by the end of the two years.

Are ASICs a good investment?

A top of the market ASIC miner like Bitmain’s Antminer S19 PRO would set you back between $8,000 to $10,000, if not more. That is a tremendous investment for someone with no experience or background in mining to make. Plus, that doesn’t account for the sizable electricity costs required to keep it running.

How much does AntMiner S19 make per day?

3.73 USD / Day

3.73 USD / Day

*Please note that values are only estimates based on past performance – real values can be lower or higher.

Are ASICs more profitable?

For the most part, your ASIC rig will have the highest profitability on the first day that you buy it. Unless you have free or cheap electricity, you will have more profitability by buying crypto or investing in a GPU unit. You actually lose more money by paying for power than you would gain mining for crypto.

How much does an Antminer make a day?

Given current levels of miner revenue potential (what we in the industry call hashprice), the Antminer S19XP would produce $53 a day per deployed unit.

How much does an Antminer l7 make a day?

23.17 USD / Day

23.17 USD / Day

*Please note that values are only estimates based on past performance – real values can be lower or higher.

What miner has the highest Hashrate?

#1) Antminer S19 Pro

This is given the highest hash rate, efficiency, and power consumption. At the power efficiency of 29.7 J/TH, this crypto mining hardware generates a profit of $12 daily with an electricity cost of $0.1/kilowatt.

Which crypto miner is best?

The Best Bitcoin Mining Software for 2022

  • Best Overall: CGMiner.
  • Best for Customization: BFGMiner.
  • Best for Ease of Use: MultiMiner.
  • Best Centralized Management: Awesome Miner.

What is the most efficient Bitcoin miner?

Bitmain AntMiner S9

The Bitmain AntMiner, widely touted as the most efficient and most powerful Bitcoin miner on the market, offers miners a highly impressive hash rate of 14 TH/s at a surprisingly low power draw.

What is the best Bitcoin miner to buy?

8 Best Bitcoin Miners

  • CGMiner.
  • MultiMiner.
  • Easyminer.net.
  • BFGMiner.
  • Awesome Miner.
  • ECOS.
  • NiceHash.
  • Kryptex.

Is it worth it to buy a crypto miner?

Today, mining Bitcoin as an individual is rarely profitable unless someone has access to extra low-cost electricity.

Are ASICs better than GPU?

ASIC mining vs GPU mining comparison is incomplete without comparing their power consumption and efficiency. GPUs tend to consume more power than ASICs, but ASICs are more energy-efficient than GPUs. ASICs provide more hash rate for less energy consumed than GPUs.

Does RAM speed matter for mining?

Quote from video: Похожие запросы

How long does an ASIC last?

An ASIC is required to obtain unescorted access to the secure areas of security controlled airports that have regular public transport (RPT) services. ASICs are valid for up to 2 years.

How long does a crypto miner last?

If you are looking for a ballpark figure, you should assume at least 3 years of life out of a GPU. 5 years would be a fairly average lifespan. Even 10 years isn’t unheard of. There are GPUs out there that like cryptocurrency are approaching their second decade of operation.

How long do Bitmain miners last?

The lifespan of the Bitmain S19 Pro or the Whatsminer M30S+ is expected to last four years till the next halving. It might even be longer this time with Moore’s law seemingly slowing down.

How long do Bitmain Antminers last?

Keep in mind these machines have a short lifespan, figure approximately 2 years. IF YOU CANNOT FIND AN ANTMINER S19 FOR AROUND 2/2.5K, DO NOT BUY IT!

Will GPU mining become obsolete?

If there is no profitable alternative to Ethereum once all of the Ethereum miners begin to switch, GPU mining will likely die off. You may be wondering why a sudden surge of miners on these smaller coins would ruin profitability. This has to do with something called mining difficulty.

How much does the S19 Pro make?


Period /day /month
Income $11.55 $346.53
Electricity -$9.36 -$280.80
Profit $2.19 $65.73

How much does it cost to make an ASIC miner?

Bitcoin Mining Hardware Comparison

Miner Hash Power Price*
Antminer S19 95.0 TH/s $10k-12k
Antminer S19 Pro 110.0 TH/s $15k-17k
WhatsMiner M30S+ 100.0 TH/s $8,500

How many ASICs does it take to mine 1 Bitcoin?

In fact, getting nothing is what happens 99.99999% of the time when you’re a miner. There are more than ~1 million ASIC miners (specialized devices built for mining BTC and other cryptos) securing the Bitcoin network, and only one ASIC at a time can win the block reward.

How much does it cost to run 1 Bitcoin miner?

In a recent report seen by Decrypt, investment bank JPMorgan estimates that the production cost to mine one Bitcoin has dropped from $24,000 at the start of June to just $13,000. Bitcoin’s production cost is an estimate of the average cost for mining one Bitcoin per day.

What is the most profitable crypto miner?

Comparison of the Most Profitable Coins to Mine

Cryptocurrency Rewards per block Our rating
Vertcoin 12.5 Vertcoins 5/5
Bitcoin 2.5 BTC 4.7/5
Monero 4.99 XMR 4.6/5
Ravencoin 5,000 RVNs 4.5/5

How much does Antminer s19 make per day?

3.73 USD / Day

3.73 USD / Day

*Please note that values are only estimates based on past performance – real values can be lower or higher.

What is the easiest crypto to mine?


Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.

Is mining profitable in 2022?

The price of Bitcoin mining equipment is a major factor in profitability. The prices of top and mid-tier application-specific integrated circuit (ASIC) miners, the specialized chips made for Bitcoin mining, are reportedly down roughly 70% from their all-time highs in 2022 when units sold for around $10,000 to $18,000.

Is it still worth mining 2022?

Currently, there are about 900 new bitcoins being mined every day. If this were to continue to be the case throughout all of 2022, then about 328,500 bitcoin could be mined this year. The interesting thing to note is that more people mining Bitcoin does not lead to an increase in the number of coins being mined.

How much does the average crypto miner make?

Crypto Mining Salary

Annual Salary Weekly Pay
Top Earners $161,500 $3,105
75th Percentile $100,000 $1,923
Average $84,277 $1,620
25th Percentile $48,500 $932