A Look at the Current Estimated Profits of the Latest Bitcoin Mining Machines
Bitcoin mining rig manufacturers Bitmain, Canaan, and Microbt have recently released a range of new products that offer high efficiency ratings and powerful hashrates. These machines are expected to contribute to the overall hashrate of Bitcoin. With Bitcoin’s price currently above $34,000, the daily hash price is approximately $0.0736 per terahash per second (TH/s). Under the current market conditions, all seven new miners announced by these manufacturers are profitable if the cost of electricity is $0.07 per kilowatt-hour (kWh).
Considerations for Profitability
It’s important to note that the upfront cost of purchasing these machines and their delivery time are not factored into this analysis. Additionally, future changes in the price of Bitcoin could significantly impact profitability. Despite these considerations, let’s take a closer look at the profitability estimates for each machine.
Canaan’s New Mining Machines
Canaan introduced two new devices from the Avalon 14 series. The liquid-cooled A1466I offers an energy efficiency ratio of 19.5 J/T and produces 170 TH/s. At a cost of $0.07 per kWh, it can generate an estimated daily profit of $6.63. Canaan’s air-cooled unit produces 150 TH/s with an efficiency ratio of 21.5 J/T, resulting in an estimated daily profit of $5.17.
Bitmain’s New Mining Machines
Bitmain launched two new mining machines from the Antminer S21 series: the hydro-cooled S21 Hyd and the air-cooled S21. The S21 Hyd offers an efficiency ratio of 16 J/T and a hashrate of up to 335 TH/s. It can generate an estimated daily profit of $18.69. The air-cooled S21, with a hashrate of up to 200 TH/s and an efficiency ratio of approximately 17.5 J/T, can generate an estimated daily profit of $8.82.
Microbt’s New Mining Machines
Microbt introduced three new mining machines as part of the M60 family. The M60S is an air-cooled device that produces 170 TH/s and has an efficiency rating of 18.5 J/T, resulting in an estimated daily profit of $6.63. The hydro-cooled M63S offers a hashrate of 360 TH/s and can generate approximately $20.52 per day. The immersion-cooled M66 produces 270 TH/s and can generate a daily profit of $13.94.
Hot Take: Bitcoin Mining Machines with Improved Efficiency
The latest bitcoin mining machines from Bitmain, Canaan, and Microbt showcase significant improvements in efficiency, with energy efficiency ratios ranging from 16 J/T to 21.5 J/T. These lower ratios mean that the miners require less electricity to perform the same amount of work, resulting in potentially higher profitability for miners who choose these machines. However, it’s important to consider the upfront costs, delivery times, and potential fluctuations in Bitcoin’s price when assessing their overall profitability.
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