The most recent hardware mining equipment released by MicroBT and Bitmain have unsurprisingly proven to be the most profitable hardware, according to research conducted by The Block. The numbers were based on an electricity cost of $0.03 per kilowatt-hour (kWh), a Bitcoin price of $9,700 and the current mining difficulty.
The latest models are MicroBT’s Whatsminer M30S++ and Bitmain’s Antminer S19 Pro, which have hashrates of 112 terahases (TH/s) and 110 TH/s respectively. MicroBT’s miner offers a daily profitability of $8.53 while the Antimer S19 Pro offers a profit of $8.49.
The two other models that were revealed along with the Whatsminer M30S++ and Antminer S19 Pro were the M30S+ and S19, which offer slightly lower performance rates. These provide daily profits of $7.40 and $7.01. Previous generation miners have been shown to be barely profitable.
MicroBT revealed the new Whatsminer models in April, only two month after Bitmain revealed the new Antminer models. MicroBT said that its third generation M20 series accounted for 35% of Bitcoin’s hash rate by the end of 2019. These new hardware units are expected to ship in June.
MicroBT and Bitmain are the two biggest manufacturers of mining hardware and are currently duking it out for market share. Bitmain is still mulling over its IPO, which has had trouble receiving approval. MicroBT, meanwhile, is considering an IPO of its own, though there have been no updates regarding this.
While Bitmain holds the majority of the market share, this has been in decline, and MicroBT has managed to conquer some of the former’s share.