At $0.07 per kilowatt-hour (kWh), only 18 ASIC bitcoin mining rigs are able to turn a profit at current prices.
At the time of writing on Dec. 31, 2022, Bitmain’s Antminer S19 XP Hyd. is the most profitable bitcoin mining rig. The machine produces 255 terahash per second and at $0.08 per kWh, the S19 XP Hyd. can make an estimated $5.74 per day in profits.
For instance, at $0.12 per kWh, none of the current SHA256 ASIC models are profitable with electricity costs at that rate. At $0.10 per kWh, two ASIC devices are profitable and can make $1.14-$2.51 per day in profits. The top two machines that can still profit at $0.10 per kWh include Bitmain’s Antminer S19 XP Hyd. with 255 terahash per second and Bitmain’s Antminer S19 XP with 140 TH/s.At $0.08 per kWh, 13 different ASIC bitcoin mining machines can capture profits between $0.13-$5.08 per day.
At the $0.07 per kWh value, a bitcoin miner can make between $0.23 per day to $6.35 per day, depending on the machine used. Bitmain’s Antminer S19 XP Hyd. with 255 TH/s and $0.07 per kWh in electrical costs will produce an estimated profit of around $6.35 every 24 hours. While SHA256 bitcoin mining machines are seeing fewer profits than they were six months ago, machines that mine alternative consensus algorithms see better profits. The top three consensus algorithms today, in terms of profit, include Kadena, Eaglesong, Scrypt, and Handshake.