Article Image
IPFS News Link • Bitcoin

Only Five Bitcoin Mining Devices Released in 2018 Are Profitable This December


The Five Profitable Mining Rigs

Digital asset prices have seen better days as cryptocurrency markets throughout the entire 2018 calendar year have been riding a long bearish trend. Many coins with the SHA-256 mining algorithm such as bitcoin cash (BCH), bitcoin core (BTC), and peercoin (PPC) have lost considerable value. Because cryptocurrency prices are so low, many mining devices announced this year are failing to bring a profit and some machines cannot be purchased on the open market. According to real-time statistics from at the time of publication, only five mining devices make a profit and two machines are not yet available on the market. The data website uses a combination of electrical costs, current network difficulty, block reward, and exchange rates to figure out whether or not certain ASIC machines are profitable.

Only Five Bitcoin Mining Devices Released in 2018 Are Profitable This December

Machines With Significant Terrahash Pull Small Profits

The most profitable machines on Monday, Dec. 10, 2018, three weeks before the new year, are manufactured by the corporations Ebang, Asicminer, Innosilicon, and Bitmain. The Ebang Ebit E11++ is currently the most profitable mining device on the market with 44 terrahash per second (TH/s) and it consumes 1,980W. The Ebang mining rig priced at $2,500 makes about $1.39 per day profit with current BTC prices. The E11++ is currently available on the open market from two companies but one vendor is only taking pre-order right now. The Asicminer 8 Nano is another machine that processes 44TH/s but pulls 2,100W from the wall. The machine created by Asicminer was launched in October and pulls a profitability of about $1.02 per day, at the time of writing. The company's 8 Nano is available for purchase through the Canadian dealer Mining Cave for $2,045.