As the value of bitcoin has increased, the global hashrate has been steadily increasing week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining rigs like Bitmain’s Antminer S9 series with hash speeds of around 11 TH / s or more also benefit.
Bitcoin Hashrate Climbs, Mining Rigs Gather Higher Profits
Six days ago, Bitcoin’s overall hashpower was around 130 exahash per second (EH/s) and today it’s up 19.23% at 155 EH/s. Bitcoin (BTC) markets have done well this week, up 15.9% in the past seven days. On Sunday, a single BTC is exchanging hands for just above the $55K zone and there’s $35.2 billion in global trade volume.
The higher price per BTC has made mining rigs more profitable than they were a few weeks ago in September. Using today’s BTC difficulty and electrical costs of around $0.12 per kilowatt-hour (kWh), the Microbt Whatsminer M30S++ is pulling in over $34 a day per machine. The M30S ++ is of course powerful, as each Microbt machine displays 112 terahash per second (TH / s).
The Bitmain Antminer S19 Pro (110 TH/s) also makes over $34 per day with the next-generation miner’s output. The Canaan Avalonminer 1246 has a hashrate of around 90 TH / s and estimates show it can earn $ 25.88 per day using today’s BTC exchange rates. The Strongu Hornbill H8 Pro shows it produces 84 TH/s and profits by $23.67 per day using current exchange rates.
Old Bitcoin mining machines with 11 TH / S or more can get $ 0.39 per day
Older units like the Ebang Ebit E11 ++ (44 TH / s) and Innosilicon T3 (43 TH / s) fetch between $ 11.02 and $ 11.77 per day. The lowest hashpower producing bitcoin mining machine is the Bitmain Antminer T9 (11.5 TH/s) which can get a miner around $0.39 per day.
Each Bitmain Antminer S9 series also generates a profit, producing between $ 0.84 per day and $ 2.00 per day, depending on the S9 model. There haven’t been any new launches in recent times, except for a new mining rig manufacturer from Singapore called Ipollo.
The Ipollo bitcoin miner called B2 claims to produce 110 TH / s and pulls 3,250 watts from the wall. The mining rig’s current profit is $34.31 per day but the machine just came out this month. This means that the new company’s devices haven’t been released for so long, and reviews so far have been lackluster and sparse.
On Sunday, the mining operation F2pool commands the most hashrate with 26.59 EH/s or 18.69% of the global network. F2pool is followed by Antpool (20.94 EH / s), Poolin (20.94 EH / s), Foundry USA (17.28 EH / s) and Viabtc (14.96 EH / s). Unknown hashrate or stealth miners capture 2.10% of the global hashrate and the 2.99 EH/s puts the mystery hash in the ninth position.
The current mining difficulty is $ 19.89 trillion and is expected to increase 1.58% in eight days. This increase will put BTC’s mining difficulty back above the 20 trillion range making it close to 40% harder to mine BTC than three months ago.
