Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum is no longer minable and miners are dedicating their hash rates to different PoW chains The current situation is that Since Ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. 5 days ago, before The Merge, consensus algorithm Ethash was the most profitable, with top miners making per day, with the top miner raking in profits of $79.53 per day. Today’s top mining rig generates a mining cadena of roughly $69.41 per day, eliminating Ethereum.
Today’s top 7 mineable PoW algorithms include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256
According to the latestdatafrom asicminervalue.com, the PoW consensus algorithm is no longer the most profitable consensus method for mining as the Paris upgrade has caused a merge in Ethereum. since September 15 Kadena has been the most profitable consensus algorithm this year, Bitmain’s Application Specific Integrated Circuit (ASIC) mining rig, the Antminer KA3, has an electricity cost of $0.12 per kilowatt-hour (kWh). At $12, it earns an estimated $69.41 per day. Miners mine the PoW blockchain Kadena (KDA) and Antminer KA3 generates an estimated 166 TH/s.
Kadena’s network hash rate is approximately 0.21 exahash/s (EH/s) or 212.8632 petahash/s (PH/s) The second most profitable consensus algorithm using ASIC mining rigs is Litecoin (LTC) and Scrypt, a consensus scheme associated with Dogcoin (DOGE); in addition to DOGE andand LTCandLTC, digital assets such as Verge (XVG) and Digibyte (DGB) networks utilize Scrypt as well. Today’s top miner, Bitmain’s Antminer L7, can earn an estimated $13.09 in daily profits; the top three miners below Antminer KA3 are all Scrypt miners produced by Bitmain.
Below Kadena and Scrypt, the third most profitable PoW consensus algorithm is Grin’s Cuckatoo32. The top Cuckatoo32 ASIC mining device can earn an estimated $7.48 per day.Below Cuckatoo32 are consensus algorithms such as Blake2B-Sia, X11, Equihash, and SHA256. The consensus mechanism SHA256 is used by cryptographic networks such as Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin v (BSV), Namecoin ( NMC ), etc.
SHA256 is the seventh most profitable consensus algorithm,and BTC miners earn about $2.60 per day utilizing 140 TH/s Antminer S19 XP. With Ethereum removed from the equation, people can still mine Ethash coins like Ethereum Classic (ETC), but the top Ethash mining devices generate little profit compared to when people could mine ether They don’t generate as much profit as when people were able to mine ether.
At the time of this writing, Bitmain’s Antminer E9, with 2.4 gigahashes per second of Ethash hash power, is earning an estimated $0.45 per day.On September 12, the same machine mining Ethereum (ETH)produced $53.45per day, according to statistics recorded by asicminervalue.com. Innosilicon’s A11 Pro . 1,500 mega hashes per second (MH/s) ETHminer was unprofitable and Daily use leads to a loss of $3.03 per day; five days earlier, on September 12, the same machine was generating a profit of $30.09 per day.
Image credits: Shutterstock, Pixabay, Wiki Commons