These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum ( $1,979.05 ) Moved to Proof-of-Stake

Given that the changeover from evidence-of-get the job done (PoW) to proof-of-stake (PoS), ethereum can’t be mined and miners are now dedicating hashrate to unique PoW chains. Considering the fact that ethereum can no lengthier be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five times ago, ahead of The Merge, the consensus algorithm Ethash was the most worthwhile, as the top miner raked in $79.53 per day in profits. Today’s major mining rig, with Ethereum ( $1,979.05 ) out of the picture, accrues roughly $69.41 for each working day mining kadena.

Today’s Best 7 Mineable PoW Algorithms Involve Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256

In accordance to the most recent facts from asicminervalue.com, the PoW consensus algorithm is no longer the most rewarding consensus plan to mine due to the fact the Paris enhance induced Ethereum ( $1,979.05 ) ’s Merge. Since September 15, Kadena has turn out to be the most financially rewarding consensus algorithm this year. Bitmain’s software-particular built-in circuit (ASIC) mining rig, the Antminer KA3, gets an estimated $69.41 for each working day with electrical energy charges at $.12 for each kilowatt hour (kWh). Miners mine the PoW blockchain Kadena (KDA) and the Antminer KA3 provides an estimated 166 TH/s.

Kadena’s community hashrate is about .21 exahash for each second (EH/s) or 212.8632 petahash per 2nd (PH/s). The next most financially rewarding consensus algorithm applying an ASIC mining rig is Scrypt, the consensus scheme affiliated with litecoin (LTC) and dogecoin (DOGE). Besides DOGE and LTC, a handful of other digital asset networks like verge (XVG) and digibyte (DGB) leverage Scrypt as perfectly. Today’s best miner, Bitmain’s Antminer L7, can get an approximated $13.09 in everyday gains. The leading a few miners under the Antminer KA3 are all Scrypt miners manufactured by Bitmain.

Underneath Kadena and Scrypt, the third most lucrative PoW consensus algorithm is Grin’s Cuckatoo32. The top Cuckatoo32 ASIC mining device can get an believed $7.48 per working day in gains. Under Cuckatoo32 includes consensus algorithms this kind of as Blake2B-Sia, X11, Equihash, and SHA256. The consensus system SHA256 is leveraged by crypto networks these as Bitcoin ( $84,478.00 ) (BTC), Bitcoin ( $84,478.00 ) money (BCH), bitcoinsv (BSV), and namecoin (NMC).

SHA256 is the seventh most financially rewarding consensus algorithm and a BTC miner leveraging an Antminer S19 XP with 140 TH/s receives around $2.60 for every day. With Ethereum ( $1,979.05 ) removed from the equations, individuals can however mine Ethash cash like ethereum classic (And many others), but the major Ethash mining gadgets generate tiny gain in comparison to when people could mine ether.

Bitmain unveiled the Antminer E9 in July 2022, and on September 12, 2022, a one E9 made an estimated $53.45 for every working day. With Ethereum ( $1,979.05 ) out of the photograph, the E9 will make $.45 per day mining ethereum traditional (And so forth).

At the time of crafting, Bitmain’s Antminer E9 with 2.4 gigahash per next of Ethash hashpower will make an believed $.45 per working day. On September 12, the identical device mining ethereum (ETH) created $53.45 for every working day, according to stats recorded by asicminervalue.com. Innosilicon’s A11 Professional ETH miner, with 1,500 megahash for every second (MH/s), is not lucrative and day-to-day use potential customers to a reduction of $3.03 per day. Five days back, on September 12, the exact equipment developed $30.09 per working day in revenue.

Tags in this story

ASIC Mining, ASIC mining rig, ASICs, Bitcoin ( $84,478.00 ) , Bitmain’s Antminer E9, Blake2B-Sia, BTC, Consensus Algorithm, consensus algorithms, Cuckatoo32, digibyte (DGB), Doge, Equihash, Ethash, Exahash, Gigahash, Hashpower, Hashrate, Innosilicon, kadena, LTC, megahash, mineable cash, Proof of Stake (PoS), Evidence-of-Work (PoW), Scrypt, SHA256, Terahash, Verge (XVG), X11

What do you feel about the prime seven mineable consensus algorithms due to the fact Ethereum ( $1,979.05 ) dropped PoW? Allow us know what you think about this subject matter in the remarks segment beneath.

Jamie Redman

Jamie Redman is the News Direct at Bitcoin ( $84,478.00 ) .com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency community because 2011. He has a enthusiasm for Bitcoin ( $84,478.00 ) , open up-resource code, and decentralized applications. Since September 2015, Redman has composed more than 6,000 articles or blog posts for Bitcoin ( $84,478.00 ) .com Information about the disruptive protocols rising nowadays.