December 5, 2022

Given that transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum can’t be mined and miners are literally dedicating hashrate to different PoW chains. Since ethereum can not be mined, primarily essentially the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. 5 days prior to now, previous to The Merge, the consensus algorithm Ethash was as soon as primarily essentially the most profitable, as the very best miner raked in $79.53 in keeping with day in earnings. As of late’s best mining rig, with Ethereum out of the picture, accrues roughly $69.41 in keeping with day mining kadena.

As of late’s Top 7 Mineable PoW Algorithms Include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256

Consistent with the newest knowledge from, the PoW consensus algorithm is not primarily essentially the most profitable consensus scheme to mine given that Paris enhance caused Ethereum’s Merge. Since September 15, Kadena has remodel primarily essentially the most profitable consensus algorithm this yr. Bitmain’s application-specific built-in circuit (ASIC) mining rig, the Antminer KA3, will get an estimated $69.41 in keeping with day with electrical power costs at $0.12 in keeping with kilowatt hour (kWh). Miners mine the PoW blockchain Kadena (KDA) and the Antminer KA3 produces an estimated 166 TH/s.

Kadena’s group hashrate is spherical 0.21 exahash in keeping with 2nd (EH/s) or 212.8632 petahash in keeping with 2nd (PH/s). The second most profitable consensus algorithm the utilization of an ASIC mining rig is Scrypt, the consensus scheme associated to litecoin (LTC) and dogecoin (DOGE). Besides DOGE and LTC, a handful of different digital asset networks like verge (XVG) and digibyte (DGB) leverage Scrypt as neatly. As of late’s best miner, Bitmain’s Antminer L7, can get an estimated $13.09 in day-to-day earnings. The best 3 miners underneath the Antminer KA3 are all Scrypt miners produced by the use of Bitmain.

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Beneath Kadena and Scrypt, the third most profitable PoW consensus algorithm is Grin’s Cuckatoo32. The best Cuckatoo32 ASIC mining instrument can get an estimated $7.48 in keeping with day in earnings. Beneath Cuckatoo32 contains consensus algorithms harking back to Blake2B-Sia, X11, Equihash, and SHA256. The consensus mechanism SHA256 is leveraged by the use of crypto networks harking back to bitcoin (BTC), bitcoin cash (BCH), bitcoinsv (BSV), and namecoin (NMC).

SHA256 is the seventh most profitable consensus algorithm and a BTC miner leveraging an Antminer S19 XP with 140 TH/s will get spherical $2.60 in keeping with day. With Ethereum removed from the equations, people can nonetheless mine Ethash money like ethereum classic (ETC), nonetheless essentially the most wise Ethash mining devices produce little profit in comparison with when people could mine ether.

Bitmain launched the Antminer E9 in July 2022, and on September 12, 2022, a single E9 made an estimated $53.45 in keeping with day. With Ethereum out of the picture, the E9 makes $0.45 in keeping with day mining ethereum classic (ETC).

On the time of writing, Bitmain’s Antminer E9 with 2.4 gigahash in keeping with 2nd of Ethash hashpower makes an estimated $0.45 in keeping with day. On September 12, the same system mining ethereum (ETH) produced $53.45 per day, consistent with stats recorded by the use of Innosilicon’s A11 Skilled ETH miner, with 1,500 megahash in keeping with 2nd (MH/s), isn’t profitable and day-to-day use leads to a scarcity of $3.03 in keeping with day. 5 days prior to now, on September 12, the same system produced $30.09 in keeping with day in earnings.

Tags on this story

ASIC Mining, ASIC mining rig, ASICs, Bitcoin, 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 money, Proof of Stake (PoS), Proof-of-Work (PoW), Scrypt, SHA256, Terahash, Verge (XVG), X11

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What do you are taking into accounts the very best seven mineable consensus algorithms since Ethereum dropped PoW? Inform us what you are taking into accounts this matter inside the suggestions part underneath.

Jamie Redman

Jamie Redman is the Data Lead at Data and a financial tech journalist residing in Florida. Redman has been an full of life member of the cryptocurrency neighborhood since 2011. He has a passion for Bitcoin, open-source code, and decentralized packages. Since September 2015, Redman has written higher than 6,000 articles for Data regarding the disruptive protocols rising as of late.

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