Ethereum can’t be mined after the change from proof of work to proofof stake (PoS), and now miners dedicate hashrate for different PoW chain. Ethereum is no longer mineable, so the best PoW consensus algorithms include Kadena (Scrypt), and Cuckatoo32. The consensus algorithm Ethash, which was profitable five days before The Merge, raked in $79.53 per daily in profits. Today’s top mining rig, with Ethereum out of the picture, accrues roughly $69.41 per day mining kadena.
Today’s Top 7 Mineable PoW Algorithms Include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256
According to the latest data from asicminervalue.com, the PoW consensus algorithm is no longer the most profitable consensus scheme to mine since the Paris upgrade triggered Ethereum’s Merge. Kadena is the most lucrative consensus algorithm in this year’s history since September 15. Bitmain’s application-specific integrated circuit (ASIC) mining rig, the Antminer KA3, gets an estimated $69.41 per day with electricity costs at $0.12 per kilowatt hour (kWh). Mining the PoW Blockchain Kadena (KDA), the Antminer KA3 creates an estimate 166 TH/s.
Kadena’s network hashrate is around 0.21 exahash per second (EH/s) or 212.8632 petahash per second (PH/s). Scrypt, which is a consensus scheme that’s tied to litecoin (LTC), and dogecoins (DOGE) are the most lucrative consensus algorithms using ASIC mining equipment. Scrypt is also used by a few other digital asset networks, such as verge (XVG), digibyte (DGB), and DOGE (LTC). Today’s top miner, Bitmain’s Antminer L7, can get an estimated $13.09 in daily profits. Bitmain has produced three Scrypt miners, the Antminer KA3 and L7.
Below Kadena and Scrypt, the third most profitable PoW consensus algorithm is Grin’s Cuckatoo32. Cuckatoo32 ASIC-mining devices can make $7.48 per hour in earnings. Cuckatoo32 also includes consensus algorithms, such as Blake2B–Sia (X11), Equihash (SHA256), and SHA256. Crypto networks like namecoin, bitcoin cash (BCH), bitcoinsv(BSV), and bitcoin Cash (BCH) can leverage the consensus mechanism SHA256.
SHA256 is seventh-most profitable consensus algorithm. A BTC miner leveraging Antminer S19 XP at 140 TH/s earns around $2.60 per daily. People can still mine Ethash coins such as ethereum classical (ETC) even though Ethereum has been removed from the equations. However, the best Ethash mining equipment produce very little profit compared to the time when people were able to mine ether.
At the time of writing, Bitmain’s Antminer E9 with 2.4 gigahash per second of Ethash hashpower makes an estimated $0.45 per day. According to asicminervalue.com stats, the machine that mined ethereum (ETH), produced $53.45 per daily on September 12. Innosilicon’s A11 Pro ETH miner, with 1,500 megahash per second (MH/s), is not profitable and daily use leads to a loss of $3.03 per day. On September 12, five days prior, the machine had produced $30.09 daily in profits.
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