ASIC Miners Profitability and ROI

As cryptocurrency continues to grow in popularity, more and more people are getting involved in this field. Many newcomers are eager to become miners and start earning digital coins. However, as the number of miners increases, so does the difficulty of mining. This pushes hardware manufacturers to develop increasingly powerful machines. Today, ASICs, the most powerful and efficient mining equipment, replaced unprofitable GPUs. Almost all users are wondering how to calculate the ASIC miner profitability.

What is the ROI of ASIC for Mining

As technological advancements continue to improve ASIC miners, it's essential to choose a strategy for generating profit from mining digital coins. The key factor to focus on in your planning phase is the current profitability and the ROI of ASIC miners. This criterion directly impacts the earnings you can expect from using your device. The faster the cost of the equipment is recouped, the sooner mining will start generating real profits.

The ROI of an ASIC miner refers to the time it takes for the equipment to generate enough income to cover its purchase and maintenance costs. Additionally, the ASICs profitability is influenced by electricity costs and any potential repair expenses that may arise.

How Much Does an ASIC Mine in a Day?

In the age of rapidly evolving technology, new models quickly replace older ones. Large mining companies face the challenge of constantly upgrading their equipment. Only by mining with the latest ASICs, giving the fastest ROI, and regularly replacing them can you maximize your profits — even during downturns.

If you try to figure out how profitable ASICs are, you need to calculate the ROI, considering the cost of the chosen cryptocurrency. Let's take Bitcoin as an example. A sharp drop in BTC's value may result in many devices generating only losses instead of profits. If the operating and maintenance costs of the equipment exceed the income, the device is considered inefficient and unprofitable to use.

Comparing ASIC Characteristics

To compare the profitability and ROI of ASIC miners, consider the key parameters that affect these calculations. The main factors that influence mining profits include:

• Hashrate
• Power consumption

Hashrate is one of the most critical factors in calculating the ROI of your ASIC. It’s typically measured in GH/s (gigahashes), MH/s (megahashes), and TH/s (terahashes). This parameter reflects the device's mining power. The general rule is simple: the higher the hashrate is, the more cryptocurrency your ASIC miner can generate.

The second important parameter is power consumption, measured in W (watts). This figure represents the amount of constant electrical current required to ensure the stable operation of the device.

How Much Can You Earn with Mining on ASICs?

If you’re wondering how to calculate the average profitability and ROI of your ASIC miner, consider popular ASIC models on the market and their key parameters.

Antminer S19 PRO 110 TH/s

The Bitmain Antminer S19 PRO + Hydro 191 TH/s is one of the latest models in the Antminer series released by Bitmain. This ASIC miner is an excellent option for mining Bitcoin and other altcoins. With a maximum hashrate of 191 TH/s, it surpasses other mining equipment models available on the market. The Bitmain Antminer S19 PRO + Hydro is one of the most energy-efficient devices for crypto mining. Its high performance and reliability is ensured by its unique parameters, making it particularly well-suited for Bitcoin mining:

As of August 2024, the average price of the Bitmain Antminer S19 PRO + Hydro 191 TH/s is $ 1 700.

According to the online calculator on the Whattomine website, the Antminer S19 PRO + Hydro is expected to generate a daily profit of $ 9.04. To calculate the ROI for this ASIC miner, you should consider the average electricity rate in your region. Based on these figures, the Bitmain Antminer S19 PRO + Hydro 191 TH/s will bring a monthly profit of approximately $ 271.20. Consequently, the ROI for this ASIC miner for Bitcoin mining is around 9 months.

You should also consider other high-performance ASIC models from Bitmain, including Antminer E9, Antminer S17 PRO, Antminer KA3, Antminer S21, Antminer S19 XP, Antminer T19, Antminer S19j Pro, Antminer K7, Antminer Z15 Pro, and Antminer L3++. Additionally, the Antminer L7 for the script algorithm and the highly profitable Antminer D9 for mining DASH.

Innosilicon A11 2100 MH/s

Another promising ASIC model for mining is the Innosilicon A11. This device is known for its strong performance in mining ETH and comes with the following specifications:

The price for this device starts at $ 4 000.

According to the Whattomine online calculator, the daily profit from using the Innosilicon A11 is $ 53.4. However, you should consider the average electricity rate in your region for more accurate calculations. This means the monthly earnings from this device is around $ 1 602. The ROI for this ASIC is about 6 months.

Whatsminer M30S++ 110 TH/s

MicroBT manufactures powerful and reliable mining devices, and the Whatsminer M30S ASIC is no exception. The following features ensure the reliability of this ASIC miner:

As of August 2024, the average price of the Whatsminer M30S++ starts at $ 1 900. According to Whattomine, the daily profit from using this ASIC miner is around $ 6.1. Keep in mind that you need to consider the electricity cost in your region. This results in a monthly income of $ 183, meaning the device's ROI is over 24 months.

You should also consider other ASIC miner models for profitable mining, including JASMINER X44-Q, Whatsminer M50 (120 TH/s), Whatsminer M20S (68 TH/s), Goldshell KA BOX PRO, StrongU STU-U6, IceRiver KAS KS3M, iPollo V1 Mini Classic Plus, Whatsminer M31S (68 TH/s), and Canaan Avalon 1047 (37 TH/s).

Increasing the Performance of ASICs for Mining

ASIC miner manufacturers typically install their software with standard settings for crypto mining. However, these default configurations often prevent the device from reaching its full potential and operating at maximum efficiency.

In this case, you should install custom firmware. Custom firmware unlocks the equipment's full potential by increasing the hashrate and reducing power consumption. This software can significantly boost mining profitability.

A Real Way to Increase Mining Profitability with ASIC Miners

A great way to shorten the payback period for ASIC miners and increase profitability is to buy these devices at competitive prices directly from the manufacturer. The best partner for this is EMCD, which collaborates with top ASIC manufacturers like Bitmain, MicroBT, Innosilicon, and others. EMCD gives you a great chance to secure high-quality mining hardware at advantageous prices, boosting your mining operations.

F.A.Q.

How much does an ASIC miner consume?

Power consumption depends on the ASIC miner you choose. On average, a single device can consume between 3 000 and 3 500 watts.

What is the real profitability of mining?

It's essential to use an online mining profitability calculator. This calculation is influenced by several factors, including the chosen digital coin and its algorithm, the hashrate of your mining equipment, electricity rates in your region, and the current cost of the cryptocurrency.

Should I buy an ASIC miner for mining?

Using ASIC miner is the ideal solution for mining specific cryptocurrencies, including Bitcoin and Ethereum. However, it requires a significant startup investment and is better for experienced miners.

How much does mining with ASICs bring?

Your earnings depend on the device's specific model and the chosen cryptocurrency. On average, mining with ASICs can bring you between $ 500 and $1 000 per month.