The recent cryptocurrency market crash has affected ASIC Mining profitability to such an extent that, not only old rigs are in the target but new ones coming out every 2-3 Months. The data leading to such results is according to ASICMinerValue (AMV) and their new real-time data which was published on their website.
AMV is a website which calculates Mining Profits and Profitability for certain ‘ASIC’ or Application Specific Integrated Circuit Mining Rigs which are used to mine specific types of cryptocurrencies built on specific types of hashing algorithms.
Their website indicates that only two ‘SHA256’ algorithm based cryptocurrencies are profitable to some extent – Bitcoin (BTC) and Bitcoin Cash (BCH). According to a report released by AMV in October 2018, Bitcoin is seen making $0.58/ day and BCH at $0.21/ day.
The most profitable mining rig as per the report is the Ebit 11++, which was released by a Chinese manufacturer Ebang Communications and priced at $2,024/ rig.
Mining manufacturing giant Bitmain has announced it will be closing its development center in Israel and firing local employees, with local reports attributing the decision to “the current situation” and “shake-up” of the global crypto market.