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Despite the fact that bitcoin (BTC) mining still remains a profitable activity, at the moment the main cryptocurrency is not a leader in terms of mining profitability. As of May 23, 2023, Bitcoin ranked only fifth in the overall ranking.
Now at the peak of mining profitability is the lesser-known kaspa (KAS) token, which operates on the PoW algorithm. Currently, KAS can be mined using a graphics processing unit (GPU) running the Kheavyhash algorithm. However, Bitmain has developed an Application Specific Integrated Circuit (ASIC) for mining KAS.
According to information on the Bitmain website, deliveries of KAS Miner KS3 will begin in August-September 2023. Data from asicminervalue.com on May 23 suggests that if the KS3 miner were available at the moment, it would bring $ 2 per day, assuming an electricity cost of $ 0.12 per kilowatt hour (kWh).
KS3 boasts a hashrate of 8300 gigahash per second (GH/s) or 8.3 terahash per second (Tx/s), which is the hallmark of the Kheavyhash algorithm. According to the Bitmain website, the price of one such device at the beginning of shipments will be $49,800.
After KAS, the next miner that deserves your attention in terms of profitability is Scrypt. It allows you to mine cryptocurrencies such as Dogecoin (DOGE), Litecoin (LTC) and other digital assets through a Scrypt-compatible ASIC device.
Bitmain offers a range of miners that are part of the Antminer L7 series, originally introduced in 2021 and expanded in 2022.
Among the high-yielding cryptominers, Antminer K7 stands out – an ASIC compatible with Eaglesong and with a hashrate of about 63.5 terahash per second (Tx / s).
Currently, all K7 miners are sold out, but on the Bitmain website it is listed at a price of $4,748 apiece. This particular Antminer is exclusively for mining a relatively little-known crypto asset called nervos (CKB).
Based on current exchange rates, a K7 miner can generate a daily profit of around $8.70. Next on the list is the Kadena consensus algorithm, which is specifically used to mine the kadena crypto asset of the same name (KDA). Here, Bitmain again takes the lead as it offers the most profitable KDA mining hardware.
Antminer KA3 with 166 terahash per second (Tx/s) hashrate, compatible with Kadena, also deserves the attention of miners. Given the current KDA exchange rate, this device will fetch approximately $6.79 per day. The fifth place in the ranking of the most profitable consensus algorithms for mining through ASIC is SHA256.
The Bitmain Antminer S19 XP Hydro model offers a power of about 255 Tx / s. As of May 23, at an electricity cost of $0.12 per kilowatt-hour (kWh), the S19 XP Hydro would generate about $4.79 per day. It is currently the most profitable BTC miner on the market, but it already has a competitor.
Microbt claims that their Whatsminer M53S++ generates 320 Tx/s, which is 65 Tx/s more than Bitmain’s Antminer S19 XP Hydro. However, at the time of writing, Whatsminer M53S++ was not available for purchase.
The value of crypto assets is subject to constant fluctuations, and over the past few months, the numbers associated with the profitability of their mining have undergone significant changes. For example, a KDA compliant KA3 miner currently brings in approximately $6.79 per day. However, 248 days ago, the same device was generating a much higher revenue of $69.41 per day at an electricity cost of $0.12 per kWh.
#Efficient #ASICs #PoW #Cryptocurrency #Mining