Bitcoin Price Rise Helps Older Generation of Miners Make a Profit

The Bitcoin hashrate increases steadily from week to week. It rose 19.23% from 130 exahashes per second (EH / s) to 155 EH / s within a week.

The Bitcoin market has done well this week, up 16.4% in the past seven days. Right now, Bitcoin is struggling to stay above the $ 55,000 region and has a trading volume of $ 37.7 billion.

As the value of Bitcoin has increased, it has allowed miners to make higher profits than they were a few weeks ago in September, and with the current troubles and electricity costs of around $ 0.12 per kilowatt hour (kWh), the Microbt Whatsminer M30S ++ is raking in over 34 USD per day per machine. Of course, the M30S ++ is powerful as each Microbt machine offers 112 terahashes per second (TH / s).

Bitmain Antminer S19 Pro (110 TH / s) is also raking in over $ 34 per day from next-generation miners. Canaan Avalonminer 1246 has a hashrate of around 90 TH / s, and estimates suggest it can make $ 25.88 per day at current Bitcoin prices. Strongu Hornbill H8 Pro generates 84 TH / s and a profit of $ 23.67 per day.

Older bitcoin miners with 11 TH / S or more can make $ 0.39 per day

Older miners like Ebang Ebit E11 ++ (44 TH / s) and Innosilicon T3 (43 TH / s) make profits between $ 11.02 and $ 11.77 per day. The miner that produces the lowest hash power is the Bitmain Antminer T9 (11.5 TH / s) which can make a profit of around $ 0.39 per day.

Each Bitmain Antminer S9 series also generates profits of $ 0.84 to $ 2 per day, depending on the S9 model. No new machines have been launched recently except for a new Singapore excavator manufacturer called Ipollo.

The B2 miner produced by Ipollo is said to have a capacity of 110 TH / s. Current earnings are $ 34.31 per day, but it just launched this month so reviews are still thin and lackluster.

Yesterday (October 10th) F2pool mining had the highest hashrate at 26.59 EH / s or 18.69% of the global network. F2pool is followed by Antpool (20.94 UH / s), Poolin (20.94 UH / s), Foundry USA (17.28 UH / s) and Viabtc (14.96 UH / s). Hidden or unknown miners account for 2.10% of the global hashrate and are in ninth place.

The current mining difficulty level is 19.890 billion and is expected to increase by 1.58% in eight days. This increase will bring the difficulty level back over the 20 trillion area, making Bitcoin mining almost 40% harder than it was three months ago.

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According to News.Bitcoin

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