In the past year, the value of cryptocurrencies has risen sharply, and miners who verify transactions and earn digital assets have made considerable profits. Although the daily profits of Bitcoin miners have been rising, the profits of a large number of other minable digital currencies are much higher.

Blake256R14 and Ethash machines bring greater profits than SHA256 mining equipment

As the value of digital assets rises sharply in 2021, the total valuation of all existing cryptocurrencies is approximately US$1.5 trillion. Although a large number of blockchains utilize consensus algorithms such as Proof of Stake (PoS), there are still a large number of coins that can be mined by machines like Application Specific Integrated Circuit (ASIC) mining equipment.

A mining machine that can mine Bitcoin (BTC) using the SHA256 algorithm can bring in profits of 7 to 16 US dollars per day. Of course, if miners use the latest hardware with at least 50 terahash/s (TH/s) computing power.

Alternative mining algorithms will achieve higher profits than Bitcoin mining in 2021

Both Microbt and Bitmain produce the top BTC miners on the market today because they make the most profits. Using today’s BTC mining difficulty and electricity cost-about $0.12 per kilowatt hour (kWh)-Bitmain Antminer S19 Pro and Microbt Whatsminer M30S++ earn about $16 in profits per day.

Although this is good, in contrast, some mining equipment that mines other types of crypto assets has much higher profits. One such example is decred (DCR), because mining equipment that processes the Blake256R14 algorithm can earn between 40 and 50 dollars a day.

Alternative mining algorithms will achieve higher profits than Bitcoin mining in 2021
The profit statistics in this article are sourced from asicminervalue.com on June 4, 2021.

The top two mining equipment include Strongu STU-U1++ and Microbt Whatsminer D1. The Microbt machine pulls 2,200 watts of power from the wall and generates approximately 48 TH/s of computing power. Statistics show that the power of the Strongu device is also 2,200 watts, but the generated power is about 52 TH/s.

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Coins that can be mined using the consensus algorithm Ethash (ubiq, ethereum, ethereum classic, pirl and callisto) also show that their mining equipment can also make considerable profits. For example, the Innosilicon A10 Pro+ ETH miner obtains approximately 759 megahash (MH/s) per second and a daily profit of 50 US dollars.

Equihash and Scrypt

According to Ethash’s revenue, Equihash, a consensus algorithm for mining coins such as zcash, zencash, and komodo, has also received considerable returns. The top miner that can use computing power for Equihash consensus is Bitmain’s Antminer Z15.

Alternative mining algorithms will achieve higher profits than Bitcoin mining in 2021

Antminer Z15 has a maximum computing power of 420 ksol/s (solution per second), a power consumption of approximately 1,510 watts, and a daily income of approximately $47. The second unit is Bitmain’s powerful Equihash miner-Innosilicon’s A9++ Zmaster. It has a speed of approximately 140 ksol/s and only charges $11 per day.

Nevertheless, Zmaster is better than most SHA256 miners who mine BTC. Even Litecoin (LTC) miners will generate better profits by mining Scrypt. At the time of release, Innosilicon A6+ Ltcmaster and low-end A6 were the first two Litecoin miners.

The daily profit of low-end equipment is about US$16, while the daily profit of A6+ is US$31. Owners of Scrypt miners do not have to mine LTC, because they can also mine Dogecoin (DOGE), Game Credit (GAME) and Edge (XVG).

SHA256 is behind all the profits generated by mining equipment that uses algorithms such as Blake256R14, Ethash, Equihash, and Scrypt to produce coins. The SHA256 algorithm can mine Bitcoin (BTC), as well as coins such as Bitcoin Cash (BCH) and bitcoinsv (BSV).

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Although the profit of SHA256 devices is low, the number of SHA256 machines exceeds the number of devices mining alternative consensus algorithms. There are many more products and manufacturers of Bitcoin mining machines, and the number of SHA256 machines will definitely exceed all the above-mentioned mining equipment that uses a combination of different mining rule sets.

What do you think of the top tokens and the most profitable mining equipment that can be mined in 2021? Please tell us your thoughts on this topic in the comments section below.

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Bitcoin mining, Bitmain, Blake256R14, crypto mining, Equihash, Ethash, Innosilicon, Microbt, mining, mining algorithms, mining coins, mining equipment, profitable mining equipment, profit, Scrypt

Image Source: Shutterstock, Pixabay, Wiki Commons, Asicminervalue.com,

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