Although the price of Bitcoin has fallen and the network is experiencing difficulties, according to current data, leading crypto assets still have considerable mining value. Despite its profitability, only a few manufacturers produce application-specific integrated circuit (ASIC) machines today.
Microbt, Bitmain sells the most profitable bitcoin miners on the market, but the product line is sold out
Bitcoin (BTC) prices have seen some major losses in the past two weeks, but network participants, especially Bitcoin miners, continue to support the cryptocurrency network. Bitcoin miners must use large amounts of capital and large amounts of ASICs to compete with the industrial speed and innovation that the industry has captured. In the early days, there were a large number of ASIC manufacturers, but today, only a small number of mining equipment manufacturers are producing these devices.
The largest cryptocurrency ASIC manufacturers in 2021 include companies such as Microbt, Bitmain, Canaan, Innosilicon, Strongu, and Ebang. Similar to the 2020 statistics, in terms of the most powerful and profitable ASIC Bitcoin mining equipment, Microbt and Bitmain continue to dominate the market this year.
Data shows that Whatsminer M30S++ manufactured by Microbt can generate about 112 teraheras (TH/s) per second and consume about 3,472 watts of energy. Using today’s BTC exchange rate and an electricity price of approximately US$0.12 per kilowatt hour (kWh), a single M30S++ released in October 2020 can earn approximately US$11.11 per day.
A Whatsminer M30S++ is not cheap because the company sells each machine at $17,240. At present, each series of Whatsminers products have been sold out from the official manufacturer (Microbt), and the only way to obtain it is through the secondary market. The official distributor Microbt has reached multiple deals with institutional buyers who have purchased thousands of such machines.
Another leading force in the field of ASIC manufacturing is Bitmain. The company is one of the oldest manufacturers of bitcoin mining equipment, and its track record shows that it has been creating some of the most profitable machines in the world year after year. In 2021, Bitmain also sold all the Antminer series mining equipment it created, as institutional buyers have purchased thousands of Antminer from Chinese companies.
As of press time, Bitmain’s top machine Bitmain Antminer S19 Pro has a speed of about 110 TH/s, a daily profit of 11.38 US dollars, and a price of 0.12 US dollars per kilowatt-hour. Bitmain also has another model called S19j Pro (100 TH/s), which pays $0.12 per kilowatt hour, while a single S19j Pro miner has a daily profit of approximately $7.61.
The Bitmain S19j model is out of stock, and the official dealer fee for a single unit is not shown on the company website. Just like M30S++, the second market price shows that the S19j machine is priced at $17,000 per machine.
Canaan, Innosilicon, Strongu and Ebang,
Canaan also has one of the top machines today, because the company’s Avalonminer 1246 generates about 90 TH/s of power and pulls about 3,420 watts of power from the wall. Canaan recently celebrated its eighth anniversary and has competed with companies such as Bitmain for a long time. Avalonminer 1246 was released in January 2021, and as usual, the company did not list the price on the website.
In order to get how much Avalonminer 1246 from official distributors, interested customers need to fill out an inquiry form. Canaan’s website does not say that the company is “out of stock” or “sold out”, but the only way to find it is through “business cooperation and product consultation.” The second market price shows that Avalonminer 1246 is priced from US$9,000 to more than US$12,000 per unit. Using the current BTC exchange rate and an electricity cost of approximately US$0.12 per kWh, a single Avalonminer 1246 will earn approximately US$7.12 per day.
Using today’s BTC exchange rate, Bitcoin mining machines produced by some other companies can still be profitable. Strongu’s Hornbill H8 was released in October 2020, with an output of approximately 74 TH/s and an estimated daily profit of 4.38 US dollars. In terms of hash rate, both Innosilicon and Ebang have low-end models, but they are still profitable. The output of Innosilicon T3+ is about 52 TH/s, and it can get $3.47 per 24 hours. The price of Ebang’s Ebit E12+ is 50 TH/s, which is about 2 teraherash less, and can generate 2.59 US dollars per day.
The above-mentioned six ASIC mining equipment manufacturers are among the top five manufacturers today. Any company below the six Bitcoin mining equipment manufacturers has a long way to go and cannot even weaken the dominant position these companies currently have. Just as Chinese mining pools account for a large part of the global SHA256 hash rate, Chinese ASIC manufacturers have also ordered the release of machines in the world.
What do you think of the top five ASIC mining manufacturers and the machines they produce? Let us know your thoughts on this topic in the comments section below.
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