Home » What are the most profitable BTC miners after Halving?

What are the most profitable BTC miners after Halving?

4.7/5

23 May

The most profitable miners after halving

Content

Key Takeaways

Impact of the Bitcoin Halving. The Bitcoin Halving event in April 2024 dramatically affected the profitability of mining by halving the reward for new blocks and doubling the network difficulty. This adjustment aims to manage Bitcoin's inflation and maintain its maximum supply cap of 21 million coins.

Profitability of Bitmain Antminer Models. Post-Halving, the profitability of different generations of Bitmain Antminer models varies significantly. While older models like the S19 Series are currently unprofitable due to high operational costs, the newer S21 Series remains profitable, with potential earnings of over $100 monthly, despite the increased mining difficulty.

Resilience and Advantage of the S21 Series. The S21 series, particularly the S21 188TH model, demonstrates exceptional resilience to Bitcoin price fluctuations, maintaining profitability in various market conditions. This series is well-suited for miners seeking reliable hardware capable of sustaining earnings even during market downturns.

In April 2024, a significant event for the entire cryptocurrency industry took place: Bitcoin Halving. Occurring roughly every four years, this event slashes the reward for mining new Bitcoin blocks in half. The purpose of the Halving is to control Bitcoin’s inflation rate and ensure a finite supply of the cryptocurrency, capping it at 21 million coins. As a result, the network difficulty for mining doubles, making it more challenging to mine new Bitcoin and reducing the rewards received by miners.

Currently, the average Full Pay Per Share (FPPS) value stands at 0.00000078 BTC, with the Bitcoin rate soaring to $70,000. This means that for each terahash (TH) of mining power, miners can expect to earn approximately $0.055 per day. But what does this mean for the profitability of different generations of Bitcoin mining hardware, specifically the Bitmain Antminer series?

The Profitability of Different Antminer Generations

Let’s break down the monthly profitability of various Bitmain Antminer models, factoring in the cost of electricity.

S19 Series: Unfortunately, these older generation ASIC miners are not profitable at the moment. The increased difficulty and halved rewards mean that they now bring losses to their owners.

K Pro: These models bring in some profit, but generally, it’s less than $50 per month.

S21 Series: The standout performer in the current market, these miners allow to get an income of more than $100 per month, ensuring a return on investment even with the current Bitcoin rate.

Static mining output

What Does It Take for Mining to Be Profitable?

Given the current conditions, it’s crucial to understand what the minimum required Bitcoin rate should be for mining to become profitable. By “minimum required,” we mean the Bitcoin rate at which the monthly rewards fully cover the electricity costs. Let’s see what this looks like:

S19 Series: These devices will only become profitable if the Bitcoin rate rises to between $72,000 and $82,000, depending on the specific model. Any rate below this range, they cause losses.

S21 Series: These models are far more resilient to fluctuations in the Bitcoin rate. Even the model with the lowest hashrate, the S21 188TH, can still generate income if the Bitcoin rate drops to $46,000. In contrast, S19 generation ASICs need Bitcoin to be at least $72,000 to break even.

Min btc/usd rate

Why the S21 Series Is a Game Changer

The S21 series of ASIC miners is designed to withstand the volatile nature of Bitcoin prices, offering consistent profitability even when the market experiences downturns. The S21 188TH model, in particular, stands out as the most profitable and reliable choice for miners looking to maximize their earnings.

Let’s compare the income these devices can generate at current BTC levels and at the peak of a bullish trend. The S21 series can guarantee earnings from $330 up to $450 per month, even after covering electricity costs.

For those interested in exploring this opportunity further, you can check out the links to buy or rent an S21.

Static mining output2

Conclusion

The Bitcoin Halving event has significantly impacted mining profitability, especially for older generation miners. However, the Bitmain Antminer S21 series offers a robust solution, ensuring profitability and return on investment even in the face of market volatility. For miners looking to upgrade their hardware and maximize their earnings, the S21 series presents an ideal choice.

Now is the perfect time to invest in a powerful BTC mining machine and start your journey in the crypto market. Remember, the earlier you start, the more you will mine.

Mine smartly!

4.7/5

What is Bitcoin Halving and why does it matter?

The Bitcoin Halving is an event that occurs approximately every four years where the reward for mining new Bitcoin blocks is cut in half. This event is significant because it reduces the rate at which new bitcoins are generated, aiming to control inflation and extend the mining lifespan of Bitcoin up to its capped supply limit of 21 million coins.

How does Halving affect Bitcoin miners?

The Halving increases the network difficulty, effectively doubling the computational effort required to mine new blocks. This reduces the profitability of older mining hardware due to increased operational costs and decreased rewards, making it crucial for miners to evaluate the efficiency of their hardware.

Which Bitmain Antminer models are currently profitable?

After the latest Halving, the most profitable Bitmain Antminer model is the S21 Series. This model can still generate significant profits, offering a monthly income of at least $100. In contrast, older models like the S19 Series are not profitable under current conditions unless Bitcoin’s price significantly increases.

What should miners consider before upgrading to a new ASIC model?

Miners should consider the initial cost of the hardware, the electricity costs in their region, the current and projected Bitcoin price, and the machine’s hash rate efficiency. Specifically, newer models like the S21 Series offer better resilience to price fluctuations and lower operational costs, making them a more viable option for maintaining profitability in a post-Halving market.