ASIC Heavyweights: These Are the Most Profitable Proof-of-Work Algorithms in 2023

2 years ago
 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

Eight months ago, determination was a important translation successful the realm of lucrative proof-of-work (PoW) mining algorithms erstwhile Ethereum made the modulation from PoW to proof-of-stake (PoS). During that period, the prevailing statement algorithms for mining were Kadena, Scrypt, and Cuckatoo32. However, the scenery has evolved, and presently, the astir profitable statement algorithms for mining encompass Kheavyhash, Scrypt, and Eaglesong.

The Evolving Landscape of Profitable Proof-of-Work Algorithms

While mining bitcoin (BTC) remains a profitable venture, it is not the foremost crypto plus for maximizing profitability successful 2023. As of May 23, 2023, bitcoin ranks 5th among the astir profitable cryptocurrencies to excavation this year, portion respective different integer assets committedness higher returns.

At the tallness of mining profitability stands a lesser-known PoW token named kaspa (KAS). Currently, KAS tin beryllium mined employing a graphics processing portion (GPU) utilizing the Kheavyhash algorithm. However, Bitmain has developed an application-specific integrated circuit (ASIC) specifically designed for mining KAS.

According to information provided connected Bitmain’s website, the availability of Bitmain’s KAS Miner KS3 to the wide nationalist is scheduled for August and September 2023. Archived data from asicminervalue.com arsenic of May 23 suggests that if the KS3 were accessible astatine present, it would make an estimated regular nett of $2,045, assuming energy costs of $0.12 per kilowatt hr (kWh).

 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

The KS3 boasts a hashpower of 8,300 gigahash per 2nd (GH/s) oregon 8.3 terahash per 2nd (TH/s) specifically designed for the Kheavyhash algorithm. Upon its release, each portion of the miner volition beryllium priced astatine $49,800, arsenic indicated by Bitmain’s shop.

Following KAS, the adjacent noteworthy statement algorithm successful presumption of profitability is Scrypt, which enables individuals to excavation cryptocurrencies specified arsenic dogecoin (DOGE) and litecoin (LTC), on with assorted different crypto assets, utilizing a Scrypt-compatible ASIC device. Bitmain offers a scope of machines that are portion of the Antminer L7 series, initially introduced successful 2021 and subsequently expanded successful 2022.

 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

As of May 23, an L7 instrumentality boasting a hashpower of 9.5 gigahash per 2nd (GH/s) is estimated to make a regular nett of $13.66. It’s worthy noting that, astatine the clip of writing, Bitmain’s L7 units are priced astatine $8,550 per device; however, they are presently sold out.

 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

Among the highly profitable crypto miners, the Antminer K7, an Eaglesong-compatible ASIC, stands retired with hashpower of astir 63.5 terahash per 2nd (TH/s). Currently, the K7 miner is sold out, but it is listed with a terms of $4,748 per portion connected Bitmain’s sold-out filter. This peculiar Antminer is designed exclusively for mining the comparatively lesser-known crypto plus called nervos (CKB).

 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

Based connected existent speech rates, it is estimated that the K7 miner tin make regular profits of astir $8.70. Moving forward, the Kadena statement algorithm is noteworthy, specifically utilized for mining the crypto plus known arsenic kadena (KDA). Once again, Bitmain takes the pb arsenic the shaper of the astir profitable mining rig for KDA.

With a hashpower of 166 terahash per 2nd (TH/s), the Antminer KA3, compatible with Kadena, is simply a notable mining device. Considering the existent speech rates for KDA, this instrumentality is projected to make astir $6.79 per time successful profits. Moving connected to the 5th astir profitable statement algorithm for ASIC mining, we person the SHA256 algorithm.

 These Are the Most Profitable Proof-of-Work Algorithms successful  2023

The Bitmain Antminer S19 XP Hydro exemplary offers hashpower of astir 255 TH/s. When factoring successful energy costs of $0.12 per kilowatt hr (kWh) connected May 23, the S19 XP Hydro is estimated to output astir $4.79 per time successful profits. Currently, it is the astir profitable BTC miner connected the market, but a rival is connected the way. Microbt’s Whatsminer M53S++ claims to nutrient 320 TH/s, which is 65 TH/s greater than Bitmain’s Antminer S19 XP Hydro. At the clip of writing, the Whatsminer M53S++ is presently not disposable for purchase.

The values of crypto assets are taxable to changeless fluctuations, and the profitability scenery has undergone important changes since our quality table past reported connected this taxable 8 months ago. As antecedently mentioned, a KDA-compatible KA3 miner presently generates an estimated $6.79 per time successful profits. However, 248 days ago, this aforesaid instrumentality was yielding a overmuch higher nett of $69.41 per day, assuming energy costs of $0.12 per kilowatt hr (kWh).

This exemplifies however the profitability of mining rigs tin importantly alteration implicit time. By the clip Bitmain’s KAS Miner KS3 is shipped, the regular nett whitethorn beryllium considerably little than the existent estimate. This signifier holds existent for each mining rigs ever created, arsenic determination person been instances erstwhile these machines were highly businesslike and profitable, lone to beryllium rendered obsolete by either superior machines oregon volatile crypto prices.

What are your thoughts connected the ever-changing scenery of profitable proof-of-work algorithms and the dominance of ASIC heavyweights successful the mining industry? Share your insights and opinions successful the comments conception below.

View source