How profitable is an asic miner?

Live revenue estimation of all known ASIC miners, updated every minute. Profits calculated on 200 coins and 25 algorithms. However, with the right preparation and resources, ASIC mining remains the most profitable form of cryptocurrency mining. While Canaan remains a major player within the sector - it has even recently invested in its own mining farm in Kazakhstan - there are now many competitors driving advances in ASIC miners.

While availability is limited and upfront costs can be quite prohibitive, the Bitmain Antminer S19 Pro is definitely one of the most sophisticated ASICs available on the market, and will make an excellent choice of Bitcoin mining hardware, assuming you have good access to a cheap source of electricity. The downside of the ASIC units compared to their predecessors is that they can only mine a single cryptocurrency hash algorithm. Foundry has also recently emerged and offers financing options for ASIC miners, Thomas Heller, the chief operating officer of mining media company HASHR8, told CoinDesk. With 5nm ASIC chips, RissMiner's mining equipment offers outstanding hash rates and energy efficiency for mining bitcoin, litecoin, ethereum and monero.

With awareness and interest in cryptocurrencies growing even among the technologically illiterate, more people are asking whether ASIC mining is worthwhile. RissMiner, a team of technology leaders working tirelessly to bring the latest cryptocurrency mining technology to the public, has just launched the most powerful and cost-effective cryptocurrency miners on the market. Bitmain, Whatsminer and Bitfury are just a few of the already recognised brands producing the most in-demand ASIC miners. Whether you are mining Bitcoin, Litecoin, DASH, or a variety of other digital currencies, an ASIC miner is the most efficient method of mining crypto.

All Bitcoin mining is now done using ASICs - specialised Bitcoin mining hardware housed in thermally controlled data centres with access to cheap power. We evaluate the best bitcoin mining ASIC devices based on reputation, functionality, ease of use and other factors. Regardless of profits, these miners continue to expand in the hope of getting a future haul, but this very activity is causing Bitcoin's hashrate to skyrocket, argues Barbour. For large companies, setting up an ASIC farm in the desert powered by electricity from solar panels is a feasible proposition.

Unsurprisingly, ASIC miners with the highest hashing power to validate these blockchain transitions are the most expensive. While it may seem that ASIC mining is best suited to large enterprises, it offers some advantages to individuals looking to earn passive income.

David Gerula
David Gerula

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