A recent crash of the crypto market made it difficult to get profit for all miners. Even the most recently released machines not always manage to be profitable for their owners. It can be learned from the data provided by ASICMinerValue.com on December 11.
This website has been created for calculating how profitable ASIC miners are at the moment. It is achieved due to the use of Application-Specific Integrated Circuit (ASIC) chips. Using a certain hashing algorithm, it allows mining crypto rather effectively. The website provides data that is updated every minute. The calculation of the profit received is made on the basis of the current cost of power, network difficulties, block reward, and cryptocoin prices.
At the moment, among miners who use ASIC mining machines and try to get the most popular crypto coins such as BitCoin and BitCoin Cash using hash function “SHA-256”, only 2 individuals manage to be profitable. They use the latest models of machines produced in October this year and achieve the following profit each day: $0.58 and $0.21.
The machine that brings about the highest amount of profit today is called Ebit 11++. It was developed by Ebang Communication company based in China and its current price is $2,024.
Some of the reports made recently shuttered the crypto industry. For example, Bitmain, one of the leading mining manufacturers made an announcement about a necessity to close its operation center in Israel because of the events happening in the crypto market today.
One more crypto outlet Diar has commented the current situation in the crypto industry telling that this business is profitable today only for wealthy people who can afford to pay for high energy cost from their pockets.