These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake – Mining Bitcoin News


For the reason that transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum can’t be mined and miners are actually dedicating hashrate to completely different PoW chains. Since ethereum can now not be mined, essentially the most worthwhile PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. 5 days in the past, earlier than The Merge, the consensus algorithm Ethash was essentially the most worthwhile, as the highest miner raked in $79.53 per day in income. At present’s prime mining rig, with Ethereum out of the image, accrues roughly $69.41 per day mining kadena.

At present’s Prime 7 Mineable PoW Algorithms Embrace Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256

In accordance with the newest information from asicminervalue.com, the PoW consensus algorithm is now not essentially the most worthwhile consensus scheme to mine for the reason that Paris improve triggered Ethereum’s Merge. Since September 15, Kadena has turn out to be essentially the most worthwhile consensus algorithm this 12 months. Bitmain’s application-specific built-in circuit (ASIC) mining rig, the Antminer KA3, will get an estimated $69.41 per day with electrical energy prices at $0.12 per kilowatt hour (kWh). Miners mine the PoW blockchain Kadena (KDA) and the Antminer KA3 produces an estimated 166 TH/s.

Kadena’s community hashrate is round 0.21 exahash per second (EH/s) or 212.8632 petahash per second (PH/s). The second most worthwhile consensus algorithm utilizing an ASIC mining rig is Scrypt, the consensus scheme related to litecoin (LTC) and dogecoin (DOGE). Apart from DOGE and LTC, a handful of different digital asset networks like verge (XVG) and digibyte (DGB) leverage Scrypt as properly. At present’s prime miner, Bitmain’s Antminer L7, can get an estimated $13.09 in day by day income. The highest three miners beneath the Antminer KA3 are all Scrypt miners produced by Bitmain.

Under Kadena and Scrypt, the third most worthwhile PoW consensus algorithm is Grin’s Cuckatoo32. The highest Cuckatoo32 ASIC mining machine can get an estimated $7.48 per day in income. Under Cuckatoo32 consists of consensus algorithms resembling Blake2B-Sia, X11, Equihash, and SHA256. The consensus mechanism SHA256 is leveraged by crypto networks resembling bitcoin (BTC), bitcoin money (BCH), bitcoinsv (BSV), and namecoin (NMC).

SHA256 is the seventh most worthwhile consensus algorithm and a BTC miner leveraging an Antminer S19 XP with 140 TH/s will get round $2.60 per day. With Ethereum faraway from the equations, individuals can nonetheless mine Ethash cash like ethereum traditional (ETC), however the prime Ethash mining units produce little revenue compared to when individuals might mine ether.

These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake
Bitmain launched the Antminer E9 in July 2022, and on September 12, 2022, a single E9 made an estimated $53.45 per day. With Ethereum out of the image, the E9 makes $0.45 per day mining ethereum traditional (ETC).

On the time of writing, Bitmain’s Antminer E9 with 2.4 gigahash per second of Ethash hashpower makes an estimated $0.45 per day. On September 12, the identical machine mining ethereum (ETH) produced $53.45 per day, in accordance with stats recorded by asicminervalue.com. Innosilicon’s A11 Professional ETH miner, with 1,500 megahash per second (MH/s), isn’t worthwhile and day by day use results in a lack of $3.03 per day. 5 days in the past, on September 12, the identical machine produced $30.09 per day in income.

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ASIC Mining, ASIC mining rig, ASICs, Bitcoin, Bitmain’s Antminer E9, Blake2B-Sia, BTC, Consensus Algorithm, consensus algorithms, Cuckatoo32, digibyte (DGB), Doge, Equihash, Ethash, Exahash, Gigahash, Hashpower, Hashrate, Innosilicon, kadena, LTC, megahash, mineable cash, Proof of Stake (PoS), Proof-of-Work (PoW), Scrypt, SHA256, Terahash, Verge (XVG), X11

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising as we speak.

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