Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin’s hashrate climbed to an all-time prime (ATH) this week touching 166 exahash in keeping with 2nd (EH/s) on October 14. In the meantime, in spite of the new value upward thrust and hashrate ATH on Wednesday, just a small workforce of next-generation mining rigs are profiting at present bitcoin trade charges.

The cost of bitcoin (BTC) is soaring simply above the $11Ok area and all over the previous few days, the community’s hashrate has touched a brand new ATH. On the time of writing, BTC’s hashrate is fluctuating between 130 to 140 exahash in keeping with 2nd (EH/s), and on Wednesday night (ET) the metric surpassed 166 EH/s.

Curiously, the upward thrust has persevered even if BTC’s community issue has additionally reached an ATH at 19.69T. This implies it’s tougher than ever ahead of to discover a block mining the BTC community, however this hasn’t phased the full hashrate. The following BTC issue alternate is scheduled to occur in only a hair over two days’ time.

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High

On Thursday, October 15, 2020, there are 18 identified mining swimming pools hashing away on the chain and a unmarried unknown mining entity within the workforce as neatly. The highest 5 swimming pools mining on Thursday afternoon comprises Btc.com (23.nine EH/s), F2pool (20.6 EH/s), Poolin (18.7 EH/s), Antpool (15.nine EH/s), and Huobi (11.three EH/s).

Whilst taking a look on the real-time mining hardware aggregator at asicvalue.com, with the clear out set to $zero.06 in keeping with kilowatt-hour (kWh) and SHA256 miners most effective, the internet portal displays most effective 13 rigs are profiting these days by means of over $2 in keeping with day.

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High
Statistics from asicvalue.com display 13 mining rigs benefit at over $2 in keeping with day and 33 mining rigs benefit beneath the $2 vary if the mining operators are paying $zero.06 in keeping with kWh.

There are 30 SHA256 mining rigs which can be profiting at $zero.11 to $1.89 in keeping with day at $zero.06 in keeping with kWh. If the electrical prices are doubled at $zero.12 in keeping with kWh then most effective two machines out of the 43 mining rigs profiting at $zero.06 in keeping with kWh will benefit.

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High
At $zero.12 in keeping with kWh, asicvalue.com signifies that most effective two mining rigs are profiting at these days’s trade charges on October 15, 2020.

The 2 best machines come with Bitmain’s Antminer S19 Professional (110 TH/s) and the Microbt Whatsminer M30S++ (112 TH/s). The Whatsminer M30S+ follows, along the Antminer S19, Whatsminer M30S, Antminer T19, and the AvalonMiner 1166 Professional respectively.

Numerous different cryptocurrency algorithms are appearing upper earnings than the SHA256 consensus set of rules. On the time of e-newsletter, the algorithms Equihash, Ethash, Tensority, and Eaglestrong display better earnings for miners mining some of these cash. Recently, miners who mine SHA256 cash (BTC, BCH, BSV) want round $zero.06 in keeping with kWh to collect some respectable earnings above $2 in keeping with day.

Additional, it could be higher for BTC miners if the associated fee was once $1,100 upper than it’s these days so miners can recoup from the Might block praise halving. In February, the blockchain analytics supplier Tradeblock estimated a post-halving mining price of round $12,500 in keeping with BTC.

Recently, the common coinbase praise worth all over the remaining 24-hours is round $71,390 in keeping with block with round $6,189 (zero.54 BTC) in transaction charges. With BTC’s hashrate emerging to new ranges, the predicted issue adjustment on October 17th shall be higher a marginally greater than these days.

What do you consider BTC’s hashrate touching all-time highs and the present mining rig profitability? Tell us what you assume within the feedback phase beneath.

Tags on this tale
Antminer S19 Professional, Antpool, Bitcoin mining, Bitcoin Mining Rigs, Bitmain, BTC miners, BTC Mining, BTC Mining Rigs, BTC.com, Eaglestrong, Equihash, Ethash, Exahash, F2Pool, Huobi, Microbt, mining bitcoin, Poolin, SHA256, Tensority, tradeblock, Whatsminer M30S++

Symbol Credit: Shutterstock, Pixabay, Wiki Commons, asicminervalue.com, Coinwarz,

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