Current Profitability | Bitcointalksearch.org

ImThour

copper member

Activity: 1386

Merit: 1481

Bitcoin Bottom was at $15.4k

Quote from: philipma1957 on July 13, 2022, 01:13:27 AM

not true.

longer answer is 3.4 x 24 = 78 kwatts per day.

at 5 cents a kwatt power cost is 3.90

at 10 cents a kwatt power cost is 7.80

so at ten cent power cost it is pretty much true
but at five cent power cost it is not true.

Also the s17 can use after market firmware to do

40 th at 1000 watts

thus it will burn only 24 kwatts or around $2.40 while earning about $3.28

Quote from: mikeywith on July 13, 2022, 10:17:17 PM

It's true based on the electricity cost you entered or I believe it's the default, a bit of math like the one phill did above shows 10 cents per kWh is the number used in the image you posted, also the website seems to be using the default/stock clocking, which makes it a tiny bit inaccurate, but generally correct, anyone who pays 10 cents or above is having a hard time making any profit using any other ASIC miner other than the ones you listed.

Great answers, thank you for it.

philipma1957

legendary

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'The right to privacy matters'

Quote from: mikeywith on July 13, 2022, 10:17:17 PM

It's true based on the electricity cost you entered or I believe it's the default, a bit of math like the one phill did above shows 10 cents per kWh is the number used in the image you posted, also the website seems to be using the default/stock clocking, which makes it a tiny bit inaccurate, but generally correct, anyone who pays 10 cents or above is having a hard time making any profit using any other ASIC miner other than the ones you listed.

Nicely worded.
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The problem for bigger farms is when did they agree to buy the newer gear.

We got a few s19's dirt cheap 2500 plus shipping and trump tax they were under 3600.

No worries for them.

But if you got s19s after Jan 2021 prices were very high and that gear is not paid off.

So I would venture to say many players are stuck with a ton of s19's that barely service the debt they are still in.

If we drop to 12-13k and stay there 60 days diff will tank.

We are seeing the evidence that miners are struggling just look at current diff

Quote

https://www.bitrawr.com/difficulty-estimator

Latest Block:   744900 (a minute ago)

Current Pace:   97.3735% (997 / 1023.89 expected, 26.89 behind)

Previous Difficulty:   29570168636357.99
Current Difficulty:   29152798808271.88
Next Difficulty:   between 28431122760073 and 28612081180758
Next Difficulty Change:   between -2.4755% and -1.8548%
Previous Retarget:   July 6, 2022 at 8:06 PM (-1.4115%)
Next Retarget (earliest):   July 21, 2022 at 2:51 AM (in 7d 4h 5m 55s)
Next Retarget (latest):   July 21, 2022 at 5:10 AM (in 7d 6h 24m 51s)
Projected Epoch Length:   between 14d 6h 44m 50s and 14d 9h 3m 46s
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summer heat may play a role since usa has been a bit warm.

mikeywith

legendary

Activity: 2170

Merit: 6279

be constructive or S.T.F.U

It's true based on the electricity cost you entered or I believe it's the default, a bit of math like the one phill did above shows 10 cents per kWh is the number used in the image you posted, also the website seems to be using the default/stock clocking, which makes it a tiny bit inaccurate, but generally correct, anyone who pays 10 cents or above is having a hard time making any profit using any other ASIC miner other than the ones you listed.

BitMaxz

legendary

Activity: 3234

Merit: 2943

Block halving is coming.

Are you talking about the netprofit?

It always depends on your Electricity rate and the price of the unit if you have free power I'm sure that list will be changed but don't use nicehash as your profit calculator because sometimes they change the profit to attract to mine on their pool.

I suggest check asicminervalue.com and scroll down to the bottom and change the electricity rate the list is changing every time you change the electricity rate because it is sorted by profitability.

Husires

legendary

Activity: 1582

Merit: 1284

Quote from: ImThour on July 13, 2022, 12:39:42 AM

Is it true that only 6 ASIC Miners are currently profitable out of all the ones in the world?
Really interested to know about this.

I thought the picture was talking about mining farms, not equipment.
It is not possible to calculate the profitability of a device because there are many factors such as depreciation rate, price, mining pool, electricity cost, remaining costs, and other expenses (taxes, cooling, etc.), so it is not possible to determine profitability by comparison as mentioned above.

philipma1957

legendary

Activity: 4102

Merit: 7765

'The right to privacy matters'

not true.

longer answer is 3.4 x 24 = 78 kwatts per day.

at 5 cents a kwatt power cost is 3.90

at 10 cents a kwatt power cost is 7.80

so at ten cent power cost it is pretty much true
but at five cent power cost it is not true.

Also the s17 can use after market firmware to do

40 th at 1000 watts

thus it will burn only 24 kwatts or around $2.40 while earning about $3.28

ImThour

copper member

Activity: 1386

Merit: 1481

Bitcoin Bottom was at $15.4k

Hi all,

Is it true that only 6 ASIC Miners are currently profitable out of all the ones in the world?

https://www.nicehash.com/mining-hardware

Really interested to know about this.

Topic: Current Profitability (Read 93 times)