Bitcoin Mining Profitability Soars as 2023 Nears End: Daily Earnings Hit New Highs

As the twelvemonth 2023 winds down with conscionable 55 days remaining, bitcoin mining has surged successful profitability, with a instrumentality of $76 successful regular net for each petahash per 2nd (PH/s) arsenic of November 5. A mining instrumentality susceptible of 200 terahash per 2nd (TH/s) with energy expenses astatine $0.07 per kilowatt-hour (kWh) is poised to nett an estimated $14.12 implicit a afloat time astatine prevailing BTC rates.

Bitcoin and Kaspa Mining Profitability Swell arsenic Miners Eye Lucrative Returns

Per the insights from hashrateindex.com, the seven-day mean for Bitcoin’s hashrate has soared to 474 exahash per 2nd (EH/s). In a script wherever each miner operates astatine 200 TH/s, the full would beryllium equivalent to astir 2.37 cardinal specified devices successful operation.

It’s important to retrieve that not each mining rigs support a dependable 200 TH/s — existent outputs tin importantly fluctuate by model, with immoderate yielding overmuch little and others exceeding 200 TH/s.

Take, for example, the seasoned S9 Antminer, which has been successful work since its merchandise successful May 2016 and operates astatine 12.93 TH/s. Even with its vintage status, astatine an energy outgo of $0.07 per kWh, this old-timer tin inactive muster a humble regular nett of $0.91 based connected the existent BTC speech rates.

On the different hand, the much precocious and hydro-cooled Microbt M63S, with a scope of 360 to 390 TH/s, tin make profits upwards of $25.41 each time connected the little extremity of its capacity. Unless you’re portion of a important mining enterprise, acquiring the latest Microbt M63S volition beryllium disconnected the array until the coming year. In a akin vein, Bitmain’s latest offering, the S21 Hyd, which boasts a hashing powerfulness of 335 TH/s, won’t beryllium disposable until February 2024.

While a 335 TH/s hash complaint whitethorn output $23 successful regular net astatine contiguous rates, the aboriginal profitability by its merchandise day remains uncertain. Meanwhile, 2 machines person been established successful the marketplace for a while: Bitmain’s Antminer S19 XP Hyd, with 255 TH/s, and Microbt’s hydro-cooled M53S++ offering 320 TH/s.

Current figures from minerstat.com amusement that the S19 XP Hyd tin make a regular nett of $18, whereas the M53S++ tin execute $22.59. Bitcoin miners dedicating their computational powerfulness to mining are so reaping profits, yet those mining the integer currency kaspa (KAS), utilizing the Kheavyhash algorithm, are topping today’s profitability charts.

A Bitmain Antminer KS3, which has a hashrate of 9.4 TH/s oregon 9,400,000 megahash per 2nd (MH/s), is estimated to gain an estimated $156 regular successful profits. Factoring successful an energy complaint of $0.07 per kWh, a miner tin expect to gain astir $16 per time for each terahash of effort expended.

What bash you deliberation astir the summation successful profitability for Bitcoin’s and Kaspa’s proof-of-work (PoW) networks? Share your thoughts and opinions astir this taxable successful the comments conception below.