There is debate as to whichether Bitcoin (BTC) mining still remains a profitable activity, and from a current perspective, the major cryptocurrency is not the leader in mining profitability. As of May 23, 2022, Bitcoin only ranked fifth in the overall rankings.
Currently, the lesser-known Kaspa token (KAS), which runs on the PoW algorithm, is at the peak of mining profitability. KAS can be mined using a graphics processing unit (GPU) with the Heavyhash algorithm. However, Bitmain has developed a special-purpose integrated circuit (ASIC) for KAS mining. According to information on the Bitmain Web site, KAS Miner KS3 deliveries are expected to begin in August-September 2022. Data from asicminervalue.com of 23. May suggest that if KS3 Asic were available at present, it would earn US$2 per day assuming an electricity price of US$0.12 per kilowatt hour (kWh).
KS3 boasts a speed of 8300 gigahashes per second (GH/s) or 8.3 terahashes per second (TH/s), which is a distinctive feature of the Heavyhash algorithm. According to the Bitmain website, the price of one such device will be $49,800 when shipments begin. After KAS, the next mining device that deserves your attention in terms of profitability is the Scrypt algorithm. This algorithm enables the mining of cryptocurrencies such as Dogecoin (DOGE), Litecoin (LTC) and other digital assets using Scrypt-compatible ASIC devices. Bitmain offers a range of mining equipment that is part of the Antminer L7 series, which was aboutrigfinally introduced in 2021 and received an expansion in 2022.
Among the powerful cryptomachines, the Antminer K7 stands out - at ASIC compatible with the Eaglesong algorithm and achieving a speed of approximately 63.5 terahashes per second (TH/s). Currently, all K7 devices are sold out, but the Bitmain website lists a price of $4,748 each. This particular Antminer is designed exclusively for mining a relatively little-known cryptocurrency called Nervos (CKB).
Based on current exchange rates, the K7 miner could yield a daily profit of approximately $8.70. The following is the Kadena algorithm, which is specifically designed for mining the eponymous cryptocurrency Kadena (KDA). Here again, Bitmain is leading the way by offering the most profitable KDA mining equipment. The Antminer KA3, with a rate of 166 terahash per second (TH/s), compatible with Kadena, also deserves the attention of miners. Considering the current KDA exchange rate, this facility could yield approximately US$6.79 per day. The fifth place in the ranking of the most profitable consensus algorithms for ASIC mining is occupied by SHA256.
The Bitmain Antminer S19 XP Hydro offers a power output of approximately 255 TH/s. According to the data of 23. In May, the Antminer S19 XP Hydro would bring in approximately $4.79 per day at an electricity price of $0.12 per kilowatt hour (kWh). It's currently the most profitable bitcoin mining device on the market, but it already has competition. Microbt claims that their Whatsminer M30S++ generates 320 TH/s, which is 65 TH/s more than Bitmain's Antminer S19 XP Hydro. However, at the time of writing, the Whatsminer M30S++ could not be purchased. The price of cryptocurrencies is subject to constant fluctuations and there have been significant changes in the numbers related to mining profitability over the past few months. For example, the Kadena-compatible KA3 mining device (KDA) currently brings in approximately $6.79 per day. However, 248 days ago this same facility generated a much higher daily revenue of $69.41 at an electricity price of $0.12 per kWh.
