Data Display Bitcoin miners that cannot find affordable electricity or operate efficient mining rigs will no longer make any money

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The cost of producing bitcoin has been higher recently than the spot market value of the most valuable cryptocurrency, which has put enormous pressure on bitcoin miners. According to data, just three application-specific integrated circuit (ASIC) mining rigs will be profitable by November 30, 2022, assuming that miners paying for energy spend about $0.12 per kilowatt hour (kWh). Data indicates that 16 distinct ASIC bitcoin mining machines are profitable with electrical costs at that pace, which is where earnings start to rise.

Only 3 ASIC Miners Make Money Using Today’s Bitcoin Exchange Rate at $0.12 per Kilowatt Hour
Today’s extraordinarily high difficulty rating and significantly lower bitcoin values than one year ago are hurting bitcoin miners.

According to statistics, the average cost of electricity worldwide in 2022 will be $0.143 per kWh. However, in some parts of the world, average businesses and households can pay as little as $0.01 per kWh. Several nations, including Qatar, Russia, Iran, Saudi Arabia, Venezuela, Kyrgyzstan, Cuba, Libya, Uzbekistan, and Kazakhstan, have electricity prices that are less than a nickel per kWh in the United States.

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Bitcoin miners benefit from inexpensive electricity, but they also need the best ASIC mining equipment available. According to statistics, the operation can only be profitable with three ASIC miners at $0.12 per kWh. The Bitmain Antminer S19 XP Hyd., which boasts 255 terahashes per second (TH/s), the Antminer S19 XP (140 TH/s), and the Antminer S19 Pro+ Hyd. (198 TH/s), are the machines that continue to make money at this electricity cost ($0.12 per kWh).

According to data gathered by, 16 different SHA256-compatible ASIC machines will turn a profit if the cost of electricity is reduced to $0.07 per kWh. A Bitmain Antminer S19j (90 TH/s) is predicted to make $0.21 per day in profit at $0.07 per kWh. 43 ASIC bitcoin mining equipment will turn a profit if electricity costs are reduced any further to $0.05 per kWh.

According to, an Antminer S19 XP Hyd. will make an estimated $9.69 per day at that rate ($0.05 per kWh), whereas the Ebang Ebit E12+ with 50 TH/s will earn $0.15 per day. Furthermore, behind algorithms like Kadena, Scrypt, and Eaglesong, SHA256 ASIC computers rank as the fourth most lucrative proof-of-work (PoW) hardware.

Depending on the hashrate output of the particular rig, PoW ASIC computers that are compatible with those three algorithms can earn an estimated $20.35 to $42.64 per day in profits. In terms of powerful, next-generation bitcoin miners, Bitmain’s Antminer series and Microbt’s Whatsminer series currently hold the top two market positions.

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