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In the collapse of the cryptocurrency market, even the latest encryption machines are struggling to seal profits for their operators, according to real-time data published by the site of mining profitability data ASICMinerValue.com (AMV) today, December 11th.
AMV is a site that calculates percentages of real-time profitability for "ASIC" miners, hardware that uses ASIC chips (Application-Specific Integrated Circuit), adapted to efficiently extract cryptocurrency based on a specific hashing algorithm. Updated every minute, the site calculates profit returns for specific miners based on current energy costs, network difficulties, block premiums and cryptocurrency prices.
At the time of the press, the site indicates that among the mining-oriented ASIC mining machines based on the "SHA-256" cryptographic hash function – such as Bitcoin (BTC) and Bitcoin Cash (BCH) – only two are currently making any profit. Both models were released in October 2018 and show $ 0.58 and $ 0.21 in daily profits.
ASIC miners tailored for cryptocurrencies based on SHA-256, in order of profitability, 11 December. Source: ASICMinerValue.com
The currently most profitable machine, the Ebit 11 ++, was released by the Chinese mining hardware manufacturer Ebang Communication and is currently priced at $ 2,024.
As reported just this week, mining giant Bitmain has announced that it will close its development center in Israel and dismiss local employees, with local reports that attribute the decision to the "current situation" and to the "shaking" of the global cryptographic market .
This October, even before the recent market crash, a report from the crypt Diar indicated that the encryption is gradually becoming profitable only for "big guns", whose pockets are "deep" enough to subsidize the rising costs of electricity .
An in-depth report by Cointelegraph published in November analyzed the impact of the protracted cryptic bear market on the mining landscape, including its impact on global sales of graphics processing units (GPUs).
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