Bitcoin mining, Bitmain, Blake256R14, crypto mining, Equihash, Ethash, Innosilicon, Microbt, mining, Mining Algorithms, Mining Coins, mining rigs, Profitable Mining Rigs, profits, Scrypt

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields.

Blake256R14 and Ethash Machines Pull Bigger Profits Than SHA256 Mining Devices

The overall valuation of all cryptocurrencies in existence is around $1.5 trillion as digital asset values have risen considerably in 2021. While a great number of blockchains leverage consensus algorithms like proof-of-stake (PoS), there’s plenty of coins that can be mined with a machine like an application-specific integrated circuit (ASIC) mining rig.

Mining rigs that can mine bitcoin (BTC) using the SHA256 algorithm can bring in anywhere between $7 to $16 per day in profits. That’s of course if the miner is using the latest hardware with at least 50 terahash per second (TH/s) of hashpower.

Bitcoin mining, Bitmain, Blake256R14, crypto mining, Equihash, Ethash, Innosilicon, Microbt, mining, Mining Algorithms, Mining Coins, mining rigs, Profitable Mining Rigs, profits, Scrypt

Both Microbt and Bitmain produce the top BTC mining rigs on the market today because they pull in the most profits. Using today’s BTC mining difficulty and electricity costs — around $0.12 per kilowatt-hour (kWh) — the Bitmain Antminer S19 Pro and the Microbt Whatsminer M30S++ get around $16 per day in profits.

While that’s good, some mining rigs that mine other types of crypto assets make considerably larger profits in comparison. One such example is decred (DCR), as a mining rig that processes the Blake256R14 algorithm can make between $40 to $50 per day.

Bitcoin mining, Bitmain, Blake256R14, crypto mining, Equihash, Ethash, Innosilicon, Microbt, mining, Mining Algorithms, Mining Coins, mining rigs, Profitable Mining Rigs, profits, Scrypt
Profit stats featured in this article stem from asicminervalue.com on June 4, 2021.

The top two decred mining devices include the Strongu STU-U1++ and the Microbt Whatsminer D1. Microbt’s machine pulls 2,200 watts off the wall and produces around 48 TH/s in hashpower. Statistics indicate that the Strongu device also pulls 2,200 watts but produces about 52 TH/s.

Coins that can be mined with the consensus algorithm Ethash (ubiq, ethereum, ethereum classic, pirl, and callisto) show their mining rigs rake in significant profits as well. For instance, the Innosilicon A10 Pro+ ETH miner gets around 759 megahash per second (MH/s) and $50 a day in profit.

Equihash and Scrypt

Following yields from Ethash, the consensus algorithm Equihash that mines coins like zcash, zencash, komodo and more, also sees profitable returns. The top mining rig that can dedicate hashrate to Equihash consensus is Bitmain’s Antminer Z15.

Bitcoin mining, Bitmain, Blake256R14, crypto mining, Equihash, Ethash, Innosilicon, Microbt, mining, Mining Algorithms, Mining Coins, mining rigs, Profitable Mining Rigs, profits, Scrypt

The Antminer Z15 gets around $47 per day with its maximum hashrate of 420 ksol/s (solutions per second) and power consumption of around 1,510 watts. The second-best unit is a step down from Bitmain’s powerful Equihash miner — Innosilicon’s A9++ Zmaster. It does around 140 ksol/s and only pulls in $11 per day.

Still, the Zmaster does better than a majority of SHA256 miners that mine BTC. Even litecoin (LTC) miners will produce better profits by mining Scrypt. At the time of publication, the Innosilicon A6+ Ltcmaster and the lower-end A6 are the top two litecoin miners.

The lower-end unit gets around $16 per day, while the A6+ gets $31 per day in profit. Owners of Scrypt mining rigs don’t have to mine LTC either, as they can also mine dogecoin (DOGE), gamecredits (GAME), and verge (XVG).

Behind all the profits stemming from mining rigs that produce coins from algorithms like Blake256R14, Ethash, Equihash, and Scrypt is SHA256. The SHA256 algorithm can mine bitcoin (BTC) but also coins like bitcoin cash (BCH) and bitcoinsv (BSV).

Even though profits are lower for SHA256 devices, the number of SHA256 machines towers over the quantity of devices that mine alternative consensus algorithms. There are far more products and manufacturers that produce bitcoin miners, and the number of SHA256 machines surely eclipses all of the aforementioned mining rigs that leverage different mining rulesets combined.

What do you think about the top mineable coins and the most profitable mining rigs in 2021? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation. Chinese Miners Are Focused on Relocation, Canaan Opens Mining Rig Service Center […]

Xem chi tiết: While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. Government Official Cautions Against Impeding Crypto Development Over the past few years, Tehran has […]

Xem chi tiết: Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]

Xem chi tiết: Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment

As the conversation about Bitcoin’s energy consumption reaches a fever pitch, Jack Dorsey’s payment provider Square has unveiled plans to fund a sustainable bitcoin mining facility in conjunction with Blockstream. Mining Project to Serve as Scalable Proof of Concept Bitcoin faces no shortage of consternation, but the spat over the cryptocurrency’s footprint spilled out into […]

Xem chi tiết: Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Xem chi tiết: Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M in Revenue for Q2 – Company […]

Xem chi tiết: Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M in Revenue for Q2 – Company […]

Xem chi tiết: Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

Cheap Power Is Creating a Bitcoin Mining Boom in Argentina

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power

Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power