Bitcoin miners today are suffering extreme difficulty ratings and much lower bitcoin prices and rates than a year ago, and data indicates that the bitcoin product rate ($19,356 per unit) is higher than the spot market price ($16,877 per unit). ) is much higher than This is a clear indication that bitcoin needs to find the cheapest electricity it can mine efficiently and that will be able to work with the most efficient bitcoin mining equipment on the market.
Metrics show the world average price for electricity in 2022 is $0.143 per kWh and the average business and household could spend less than $0.10 per kWh in other regions around the world, and as little as $0.01 per kWh in some regions . Countries that all enjoy electricity rates less than a US nickel per kWh include Qatar, Russia, Iran, Saudi Arabia, Venezuela, Kyrgyzstan, Cuba, Libya, Uzbekistan, and Kazakhstan.
While electricity is the best and cheapest for bitcoin miners and they need the most efficient mining on the market and according to statistics if we pay $0.12 per kWh only three ASIC miners are profitable and the electricity cost ($0.12 per kWh), machines that turn a profit right now include the Bitmain Antminer S19 XP Hyd. Which boasts 255 Terahash per second (TH/s), Antminer S19 XP (140 TH/s), and Antminer S19 Pro+ Hyd. (198th/sec).
According to the data collected, if the cost of electricity is reduced to $0.07 per kWh, 16 different SHA256-compliant ASIC machines will benefit. At $0.07 per kWh, a Bitmain Antminer S19j (90 TH/s) is estimated to have a profit of $0.21 per day. About 43 ASIC bitcoin mining rigs would make a profit if the cost of electricity dropped below $0.05 per kWh.
At that rate ($0.05 per kWh), an Antminer S19 XP Hyd. According to asicminervalue.com it will yield an estimated $9.69 per day, while the Ebang Ebit E12+ with 50 TH/s will make a profit of $0.15 per day. Furthermore, SHA256 ASIC machines are the fourth most profitable proof-of-work (PoW) devices behind algorithms such as Kadena, Scrypt, and Eaglesong.
At $0.05 per kWh, PoW ASIC machines that are compatible with those three algorithms could generate an estimated $20.35 to $42.64 per day profit, depending on the hashrate output of the specific rig. In terms of high-powered, next-generation bitcoin miners, two of the most influential brands on the market today include Bitmain’s Antminer series and MicroBit’s WhatsMiner series.
