These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
For the reason that transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum can’t be mined and miners at the moment are dedicating hashrate to completely different PoW chains. Since ethereum can not be mined, probably the most worthwhile PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. 5 days in the past, earlier than The Merge, the consensus algorithm Ethash was probably the most worthwhile, as the highest miner raked in $79.53 per day in earnings. Immediately’s high mining rig, with Ethereum out of the image, accrues roughly $69.41 per day mining kadena.
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
Immediately’s High 7 Mineable PoW Algorithms Embody Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256
Based on the newest knowledge from asicminervalue.com, the PoW consensus algorithm is not probably the most worthwhile consensus scheme to mine for the reason that Paris improve triggered Ethereum’s Merge. Since September 15, Kadena has turn out to be probably the most worthwhile consensus algorithm this 12 months. Bitmain’s application-specific built-in circuit (ASIC) mining rig, the Antminer KA3, will get an estimated $69.41 per day with electrical energy prices at $0.12 per kilowatt hour (kWh). Miners mine the PoW blockchain Kadena (KDA) and the Antminer KA3 produces an estimated 166 TH/s.
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
Kadena’s community hashrate is round 0.21 exahash per second (EH/s) or 212.8632 petahash per second (PH/s). The second most worthwhile consensus algorithm utilizing an ASIC mining rig is Scrypt, the consensus scheme related to litecoin (LTC) and dogecoin (DOGE). In addition to DOGE and LTC, a handful of different digital asset networks like verge (XVG) and digibyte (DGB) leverage Scrypt as effectively. Immediately’s high miner, Bitmain’s Antminer L7, can get an estimated $13.09 in every day earnings. The highest three miners beneath the Antminer KA3 are all Scrypt miners produced by Bitmain.
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
Under Kadena and Scrypt, the third most worthwhile PoW consensus algorithm is Grin’s Cuckatoo32. The highest Cuckatoo32 ASIC mining gadget can get an estimated $7.48 per day in earnings. Under Cuckatoo32 contains consensus algorithms reminiscent of Blake2B-Sia, X11, Equihash, and SHA256. The consensus mechanism SHA256 is leveraged by crypto networks reminiscent of bitcoin (BTC), bitcoin money (BCH), bitcoinsv (BSV), and namecoin (NMC).
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
SHA256 is the seventh most worthwhile consensus algorithm and a BTC miner leveraging an Antminer S19 XP with 140 TH/s will get round $2.60 per day. With Ethereum faraway from the equations, individuals can nonetheless mine Ethash cash like ethereum basic (ETC), however the high Ethash mining gadgets produce little revenue compared to when individuals may mine ether.
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
Bitmain launched the Antminer E9 in July 2022, and on September 12, 2022, a single E9 made an estimated $53.45 per day. With Ethereum out of the image, the E9 makes $0.45 per day mining ethereum basic (ETC).
These Are The Most Profitable Proof-of-Work Algorithms Since Ethereum Moved To Proof-of-Stake
On the time of writing, Bitmain’s Antminer E9 with 2.four gigahash per second of Ethash hashpower makes an estimated $0.45 per day. On September 12, the identical machine mining ethereum (ETH) produced $53.45 per day, in accordance with stats recorded by asicminervalue.com. Innosilicon’s A11 Professional ETH miner, with 1,500 megahash per second (MH/s), is just not worthwhile and every day use results in a lack of $3.03 per day. 5 days in the past, on September 12, the identical machine produced $30.09 per day in earnings.
Tags on this story
ASIC Mining, ASIC mining rig, ASICs, Bitcoin, Bitmain’s Antminer E9, Blake2B-Sia, BTC, Consensus Algorithm, consensus algorithms, Cuckatoo32, digibyte (DGB), Doge, Equihash, Ethash, Exahash, Gigahash, Hashpower, Hashrate, Innosilicon, kadena, LTC, megahash, mineable cash, Proof of Stake (PoS), Proof-of-Work (PoW), Scrypt, SHA256, Terahash, Verge (XVG), X11
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Jamie Redman
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