According to statistics released in mid-May 2023, 18 different ASIC bitcoin mining rigs are profitable using today’s bitcoin exchange rates. Additionally, the best bitcoin mining machines today are made by three notable ASIC manufacturers, as manufacturing competition is limited these days.
18 ASICs profit on electricity costs at $0.12 per kWh and bitcoin exchange rates today
The average hash rate of the Bitcoin blockchain over the last 2016 blocks is approx 353.9 xahashes per second (EH/s) at present. In an impressive feat this month, on May 2, 2023, at block height 787895, the network reached an unprecedented peak of 491.15 EH/s. Meanwhile, the bitcoin price (BTC) hovering steadily just below the $27k mark. at present Mining device data Collected from asicminervalue.com reveals 18 profitable SHA-256 ASIC miners working with current BTC conversion rate.
according to The current value of bitcoin And the rapid rise in the hash rate, one might expect a large number of ASIC manufacturers to craft advanced mining rigs in 2023. Surprisingly, the scene is dominated by only three prominent ASIC manufacturers who focus exclusively on designing mining rigs for bitcoin mining: Bitmain, Microbit, and Canaan. . All 18 of the leading Bitcoin ASIC miners, which are SHA-256 compliant and currently generating profits, originate from these three miners.
Top 6 Most Profitable ASIC Bitcoin Miners in the Market in 2023
The best platform for bitcoin mining is the Bitmain Antminer S19 XP Hydro, which boasts a hash rate of up to 255 terahashes per second (TH/s). With its inception dating back to 2013, Bitmain has strengthened its presence in the industry over the years, manufacturing 10 of the top 18 ASIC miners today. taking into account the current BTC Exchange rates, the data reveals that the S19 XP Hydro generates an estimated daily profit of approximately $9.29, factoring in an electricity cost of $0.12 per kilowatt-hour (kWh).
In hot pursuit, the Antminer S19 XP, which yields 140 TH/s, firmly secures its position as the second most profitable ASIC hardware. The S19 XP generates an estimated daily profit of $4.82 while maintaining the same electricity costs. It is closely trailed by Microbt’s Whatsminer M56S, which commands 212 TH/s and claims the spot as the third most profitable bitcoin miner in the current market. Forecasts indicate that M56S will make a daily profit of $4.44.
Next, the Antminer S19k Pro produced a hash rate of 136 TH/s, while the Antminer S19 Pro + Hydro hit 198 TH/s. These two metals are estimated to bring in a daily profit of $3.40 to $3.70. The fifth most profitable ASIC mining rig is Avalon A1366 from Canaan which yields 130 TH/s. At $0.12 per kWh, the Avalon A1366 earns an estimated earnings of $3.17 per day.
With electricity costs set at $0.12 per kilowatt-hour (kWh) subject to prevailing BTC At prices, a total of 18 miners have proven profitable. However, if the electricity rate drops below $0.12 per kWh, a wide range of machines with low terahash outputs becomes financially viable.
While the global average electricity price hovers around $0.14 per kWh, there are quite a number of countries, including Iran, Cambodia, Afghanistan, Belarus, Cape Verde, Brazil, Central African Republic, Bhutan, and Azerbaijan, among others, where electricity prices are in the range. From $0.01 to $0.05 per kWh.
What are your thoughts on the current bitcoin mining landscape and the dominance of some major manufacturers? Share your thoughts and opinions in the comments section below.
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