Mining
Because the 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 now 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 income. Right this moment’s prime mining rig, with Ethereum out of the image, accrues roughly $69.41 per day mining kadena.
Right this moment’s High 7 Mineable PoW Algorithms Embrace Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256
In keeping with the newest information from asicminervalue.com, the PoW consensus algorithm is now 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 into probably the most worthwhile consensus algorithm this yr. 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.
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). Moreover DOGE and LTC, a handful of different digital asset networks like verge (XVG) and digibyte (DGB) leverage Scrypt as properly. Right this moment’s prime miner, Bitmain’s Antminer L7, can get an estimated $13.09 in every day income. The highest three miners under the Antminer KA3 are all Scrypt miners produced by Bitmain.
Beneath Kadena and Scrypt, the third most worthwhile PoW consensus algorithm is Grin’s Cuckatoo32. The highest Cuckatoo32 ASIC mining machine can get an estimated $7.48 per day in income. Beneath Cuckatoo32 consists of consensus algorithms corresponding to Blake2B-Sia, X11, Equihash, and SHA256. The consensus mechanism SHA256 is leveraged by crypto networks corresponding to bitcoin (BTC), bitcoin money (BCH), bitcoinsv (BSV), and namecoin (NMC).
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 prime Ethash mining units produce little revenue compared to when individuals may mine ether.
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).
On the time of writing, Bitmain’s Antminer E9 with 2.4 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 keeping with stats recorded by asicminervalue.com. Innosilicon’s A11 Professional ETH miner, with 1,500 megahash per second (MH/s), isn’t 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 income.
