After the mining difficulty reached an all-time high 26.64 Trillion on January 20, 2022, Bitcoin’s hashrate is still high. The network difficulty adjustment algorithm (DAA), rose 9.32% that day. It is expected that the next DAA epoch will change in 11 days.
It is now more difficult for miners to locate a Bitcoin (BTC) block subsidiesy than it has ever been in the past 13 years. The fact that BTC lost 17.9% in the past week was another obstacle for bitcoin miners.
Miners are less likely to make a profit due to the difficulty and lower price. These factors don’t appear to have affected miners, as SHA256 hashrate is allocated 189 EH/s. However, the aggregate profits from Bitcoin mining rig statistics shows that SHA256 miners are under pressure from the difficulty rise and the price drop.
The Top Six Bitcoin Mining Rigs Make Less Than $10 per Day Today, Older Machines Fail
The current top bitcoin mining rig, Bitmain’s Antminer S19 Pro, uses $0.12 per kilowatt hour (kWh) and the current Bitcoin exchange rate to make around $9.41 per daily. Bitmain’s Antminer S19 Pro mines around 110 terahash per minute (TH/s). Microbt’s Whatsminer S30S++, which has approximately 112 TH/s, is the second-most profitable miner Sunday.
Based on current BTC exchange rate, the Whatsminer S30S++ earns an estimated $9.12 per daily profit. These two mining devices made $13-16 per daily in profits two weeks ago. Two weeks prior, the machine was making $25 per day.
Three Bitmain models are following Microbt’s new M30S++ machine. They are all S19j series machines, which can process between 96 and 104 TH/s. These three models are estimated to make between $8.23 and $8.91 per hour in profit. Microbt’s Whatsminer M30S+ is the sixth most profitable mining rig, processing around 100 terahash each second.
The M30S+ draws around 3400W from the wall. With electricity rates at $0.12/kWh and current Bitcoin exchange rate, the mining rig can make $7.28 per daily. Many older bitcoin mining machines with less than 28 TH/s processing power are struggling to make a profit unless electricity rates drop below $0.12/kWh.
This means that units of older generation, such as the Bitmain S9, are less profitable than they were in the past BTC price was higher and mining difficulty was lower.