Only five Bitcoin mining devices released in 2018 are profitable this December

December 11, 2018 Cryptocurrency

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Extraction

In the last 12 months, a series of bitcoin mining platforms have been announced that claim to process more terahashs per second while consuming less energy. However, with such low cryptocurrency prices, many newly launched machines are not profitable and many of them have not yet been shipped.

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The five profitable mining plants

Digital asset prices have seen better days as cryptocurrency markets during the full solar year 2018 have followed a very bearish trend. Many coins with the SHA-256 mining algorithm such as bitcoin cash (BCH), bitcoin core (BTC) and peercoin (PPC) have lost considerable value. Since the prices of cryptocurrencies are so low, many mining devices announced this year can not bring a profit and some machines can not be bought on the open market. According to the real-time statistics of Asicminervalue.com at the time of publication, only five mining devices produce a profit and two machines are not yet available on the market. The data website uses a combination of electrical costs, current network difficulties, block premiums and exchange rates to see if any ASIC machines are profitable or not.

Machines with small significant advantages for Terrahash Pull

The most profitable machines on Monday, 10 December 2018, three weeks before the new year, are manufactured by the companies Ebang, Asicminer, Innosilicon and Bitmain. Ebang Ebit E11 ++ is currently the most profitable mining device on the market with 44 terrahash per second (TH / s) and consumes 1,980 Watts. The Ebang rig priced at $ 2,500 makes profit of about $ 1.39 a day with current BTC prices. E11 ++ is currently available on the open market by two companies, but a supplier is only requesting pre-order at this time. The Asicminer 8 Nano is another machine that processes 44TH / s but extracts 2,100W from the wall. The machine created by Asicminer was launched in October and has a profitability of about $ 1.02 a day at the time of writing. 8 Nano of the company are available for purchase through the Canadian retailer Mining Cave for $ 2.455.

Then there is the new model Innosilicon T3, which also boasts of boasting about 43TH / s, but the rig is not yet available to the public. The T3 will be released in January 2019, according to the company, at a price of $ 2,500 per car. With current market statistics, this gives the T3 a profitability of around $ 0.84 per day for a car that can not be obtained. The next most profitable miner, Asicminer 8 Nano Pro, is obtainable according to Asicminervalue. The Nano Pro claims to process a huge 76TH / s but consumes over 4,000W of electricity. These metrics make the $ 11,600 machine profitable by $ 0.59 per day. Finally, Bitmain claims that the Antminer S15 machine produces about 28TH / s, extracting 1,596W from the wall, giving the device a profitability of $ 0.27 every 24 hours.

Operating at a loss

Many other machines that have been announced this year do not show profits and consume more energy costs if companies continue to manage them. B2 and B3 GMOs, which boast 24-33 TH / s, can lose between $ 1.90-4.98 per day at current BTC prices. The infamous Halong Mining Dragonmint T1 registers a loss of about $ 1.87 a day.

The previous Innosilicon models, besides the unobtainable T3, all see losses at the time of publication. The first four Whatsminer models (M10, M10s, M3 and M3X) lose $ 1-4.25 every 24 hours, according to statistics. A wide variety of SHA-256 Bitmain models, including S9, R4, S11 and many other series, are not profitable. The Canaan Avalon series is in the same boat of 841, 821 and 921, losing around $ 1.69-1.86 a day with current BTC prices at $ 3,500 per coin.

The Bearish SHA-256 algorithms have greatly influenced the prices of coins in recent months. For example, the bitcoin core hashrato (BTC) touched 61 exahams per second (EH / s) during the last week of August, but this month the BTC hashrate is only 35 EH / s. However, there may be many facilities that are still making a profit with older machines if their electricity cost is heavily subsidized or almost free.

Many flashy machines announced this year have advertised 7 and 10 nm chips and a much larger processing power, but the market prices of cryptocurrencies have meant that only a few machines are profitable. But if the markets push even higher from a bearish to a bullish trend, then the vast majority of new 2018 mining platforms should be profitable again.

What do you think of these mining plants and their rates of profitability with current prices? Let us know what you think of this topic in the comments section below.

Disclaimer: Bitcoin.com does not endorse these products / services. Readers must exercise due diligence before taking any action relating to the aforementioned companies or their affiliates or services. This editorial is for informational purposes only. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.

Images via Shutterstock, Ebang, Asicminer Nano, Bitmain and Asicvalue.com.

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Only five Bitcoin mining devices released in 2018 are profitable this December

The five profitable mining plants

Machines with small significant advantages for Terrahash Pull

Operating at a loss

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