How much I can mine with AntMiner?

If you mine in areas with high electricity tariffs, you will run into a loss. The Antminer can make you around 0.1248924 Bitcoin, or $104.40 a month based on the above electricity rates. If the Antminer costs you $1,000 during purchase, it will take you approximately 10 months to break even.

Can you mine eth with AntMiner?

A: The AntMiner S9 can only mine coins based on the SHA256 alagorithm such as bitcoin and bitcoin cash. Ethereum is based on a Keccak algorithm and is therefor unable to be mined with an AntMiner S9.

Is Dogecoin worth Mining 2021?

The mining of Dogecoin became increasingly profitable in 2021, reaching the highest revenue figures since early 2018. This follows after a surge of activity in the cryptocurrency due to comments from Tesla CEO Elon Musk, who remarked on Twitter that people should invest in this digital currency.

How much is Dogecoin mining per day?

In other words, it would take only a minute to mine a Dogecoin, but on average terms according to a Dogecoin mining calculator, a miner could mine 95.6245672 Dogecoin per day, with a hashrate of 2,200,000 kilo hashes per second.

What is a bitcoin ASIC and how does it work?

Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity.

Is bitcoin mining profitable or worth it in 2021?

Is Bitcoin Mining Profitable or Worth it in 2021? Malcolm Cannon & Jordan Tuwiner Last updated March 2, 2021. The short answer is yes. The long answer… it’s complicated. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms.

How much money can you make mining bitcoin a day?

In 2020, one modern Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $8 in Bitcoin revenue every day.

How does bitcoin price affect mining profits?

Bitcoin price, naturally, impacts all miners. However, there are three factors that separate profitable miners from the rest: cheap electricity, low cost and efficient hardware and a good mining pool. 1. Efficient Hardware So far in this article I’ve used the Whatsminer M20S as an example of the kind of machine you will need to mine bitcoin.