It has been estimated, in fact, that mining a bitcoin with such a device costs more than 7 thousand dollars in electricity, assuming a cost of 0.06 dollars per kWh. As reported by those who carried out this study, the estimate is based on the use of a single ASIC for the mining of a BTC, an operation that, depending on the model, could require up to two years. However, considering the reduced energy consumption with the same number of hashrates. This cost obviously depends on the equipment used for BTC mining, as there are different solutions with different degrees of efficiency. Listen to JP Thieriot, Grayscale increases cryptocurrency funds by $300 million, Akoin: the listing on Bittrex coming soon, The founder of Arbistar, Santiago Fuentes, was arrested, Bitcoin at the all-time high on the Brazilian Real, The price of Bitcoin rises and the comparison with gold is back, Reports on the price of bitcoin: optimism and caution, Ethereum’s Hashrate at the highest since 2018, Vitalik and the immediate 100x scaling of Ethereum, The CEO of Binance misinterpreted on central bank digital currencies, The Bahamas have launched their digital currency, Upcoming event with FED's Jerome Powell on digital currencies, Bloomberg: the capitazliation of Tether could exceed Ethereum, Bitcoin breaks down the $11,600 resistance, Bitcoin and Ethereum prices: the week opens in positive.
Finally, the study takes into consideration that the ROI, i.e.

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the return on investment for the purchase of ASICs, has already taken place, when in fact it takes several months to recover the initial investment. According to a recent study, the price of bitcoin in recent weeks allows most miners to generate substantial profits, given that the real cost of mining a bitcoin has been estimated at between 5100 and 8500 dollars, which is well below the current 10 thousand dollars per BTC.

This study is obviously only an estimate.

PieDAO: Crypto ETFs Ray Dalio Style (+100% APY), iPhone 12 will get Apple's stock off the ground, Trump could be a good thing for cryptocurrencies, Members of Parliament advise Trump to use the blockchain, The US Pentagon creates a war game with Bitcoin, Netflix will raise prices: the prediction of analysts, How much did consumers spend on Amazon Prime Day, Bitcoin paper wallet: a step by step guide, dApps: How they work on Ethereum and TRON, Status version 1.0 released: Ethereum changes the web, How to list a token of the Zilliqa blockchain, BitMEX: withdrawals are increasing bitcoin liquidity by 25%, Index Cooperative: DeFi’s first Index fund offers liquidity mining, How to convert any ERC20 to EOS and vice versa, How to create a token on the Ethereum blockchain, Buy Bitcoin with a credit card using Holytransaction cryptocurrency wallet. The devaluation costs of the device over a 24-month lifespan are also taken into consideration, so as to obtain an even more realistic estimate. His adventure in the world of blogging started on GizChina.it in 2014 and then continued on LFFL.org and GizBlog.it. ASIC miner is the best bitcoin miner of the latest generation. While shopping online for an best cheap asic miner is easier and more convenient than shopping in person, it is also harder to know if you are buying a high-quality product. We use cookies to make sure you can have the best experience on our site. However, considering the reduced energy consumption with the same number of hashrates, the cost in terms of electricity falls significantly, falling below 3 thousand dollars for the most recent and efficient models. Then they started to use graphic processors and FPGA (field-programmable gate array), but soon they also ceased to be quite useful. There are in fact too many factors to consider, including the cost of electricity, which in many parts of the world is much higher than that analysed (0.06 dollars per kWh). . The devaluation costs of the device over a 24-month lifespan are also taken into consideration, so as to obtain an even more realistic estimate. The most expensive solution in terms of electricity costs is certainly the old Bitmain Antminer S9.


After all, today the old Antminer S9 devices are sold for less than 300 dollars, while the latest high-efficiency ASICs are close to 2500-3000 dollars. It has been estimated, in fact, that mining a bitcoin with such a device costs more than 7 thousand dollars in electricity, assuming a cost of 0.06 dollars per kWh. Even when the online pictures are an honest representation of the item, it is hard to see any tiny details in the photos. What is the profit margin of miners? This study is obviously only an estimate. . When it comes to mining with a greater speed, ASIC miners play a huge role and they are more productive and cost-effective than the traditional Bitcoin miners. By opting for more modern products, thus more efficient and with higher hashrates, the cost of mining a bitcoin naturally drops considerably, but the one relative to the devaluation of the device increases.


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