BTC price hike gives new life to 5-year-old mining rigs – Bitcoin hashrate jumps almost 20% since last week

As the value of bitcoin has risen, the global hashrate has been steadily increasing week after week. On Sunday, the dedicated Bitcoin network hashrate hovers just above the handle of 155 exahash (EH / s) and the price of bitcoin has made a lot of mining rigs more profitable. Older generation mining rigs like Bitmain’s Antminer S9 series with hash speeds of around 11 TH / s or more also benefit.

Bitcoin Hashrate Rises, Mining Platforms Generate Higher Profits

Six days ago Bitcoin’s overall hash power was around 130 exahash per second (EH / s) and today it is up 19.23% at 155 EH / s. Bitcoin (BTC) markets have done well this week, up 15.9% in the past seven days. On Sunday, a single BTC trades hands just above the $ 55,000 area and there is $ 35.2 billion in global trade volume.

The higher price per BTC has made mining rigs more profitable than they were a few weeks ago in September. Using today’s BTC difficulty and electrical costs of around $ 0.12 per kilowatt hour (kWh), the Microbt Whatsminer M30S ++ brings in over $ 34 per day per machine. The M30S ++ is of course powerful, as each Microbt machine displays 112 terahash per second (TH / s).

The Bitmain Antminer S19 Pro (110 TH / s) also earns over $ 34 per day with the production of the next-gen miner. The Canaan Avalonminer 1246 has a hashrate of around 90 TH / s and estimates show it can make $ 25.88 per day using today’s BTC exchange rates. The Strongu Hornbill H8 Pro shows it produces 84 TH / s and profits of $ 23.67 per day using current exchange rates.

Old Bitcoin mining machines with 11 TH / S or more can get $ 0.39 per day

Older units like the Ebang Ebit E11 ++ (44 TH / s) and Innosilicon T3 (43 TH / s) fetch between $ 11.02 and $ 11.77 per day. The bitcoin mining machine producing the lowest hash power is the Bitmain Antminer T9 (11.5 TH / s) which can fetch around $ 0.39 per day for a miner.

Each Bitmain Antminer S9 series also generates a profit, producing between $ 0.84 per day and $ 2.00 per day, depending on the S9 model. There haven’t been any new launches in recent times except for a new Singapore mining rig maker called Ipollo.

The Ipollo bitcoin miner called B2 claims to produce 110 TH / s and pulls 3,250 watts from the wall. The current profit for the mining rig is $ 34.31 per day, but the machine just released this month. This means that the new company’s devices haven’t been released for so long, and reviews so far have been lackluster and sparse.

On Sunday, F2pool mining orders the most hashrate with 26.59 EH / s or 18.69% of the global grid. F2pool is followed by Antpool (20.94 EH / s), Poolin (20.94 EH / s), Foundry USA (17.28 EH / s) and Viabtc (14.96 EH / s). The unknown hashrate or stealth miners capture 2.10% of the global hashrate and the 2.99 EH / s places the mysterious hash in ninth position.

The current mining difficulty is $ 19.89.9 trillion and is expected to increase 1.58% in eight days. This increase will bring the difficulty of mining BTC back above the 20 trillion range, making it almost 40% more difficult to mine BTC than three months ago.

What do you think of the mining machines that generate higher profits and the older generation mining rigs that can now reap the benefits? Let us know what you think of this topic in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons, asicminervalue.com,