As the crypto economy hovers just under $2 trillion in USD value, ASIC mining devices mining ethereum and bitcoin are still making decent profits.
has lost 37% against the U.S. dollar since the cryptocurrency’s ATH. Despite the drop in value, bitcoin and ethereum miners are still making decent profits as both networks have seen their hashrate reach ATHs in 2022.
Bitcoin’s hashrate has been running high above 200 exahash per second and Ethereum’s hashrate is 1.12 petahash per second . In mid-April 2022, the most profitable crypto asset to mine between both leading crypto assets is ethereum.For instance, a single Innosilicon A11 Pro ether mining rig, that processes the Ethash algorithm at 1.5 GH/s with electric costs at $0.12 per kilowatt-hour , can get an estimated $51.58 per day in profits.
Today’s Top Bitcoin Mining Rigs Are Still Profitable, Next-Generation SHA256 Machines to Reach the Public in Q3The most profitable bitcoin miner in mid-April 2022, is the Bitmain Antminer S19 Pro, a machine that processes the SHA256 consensus algorithm at 110 terahash per second . Using today’s bitcoin exchange rates, a single Antminer S19 Pro will get $13.74 per day in profits.exchange rates and electric costs at $0.12 per kWh.