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Thursday, November 30, 2023
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Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed


Bitcoin mining in 2023 remains profitable with 18 ASIC devices, as electricity costs and current exchange rates favor mining operations. The landscape is dominated by three major manufacturers: Bitmain, Microbt, and Canaan.


  • 18 profitable ASIC bitcoin mining devices are currently operating with electricity costs at $0.12 per kWh and today’s bitcoin exchange rates.
  • The Bitcoin network reached a peak hashrate of 491.15 EH/s on May 2, 2023, while the price of bitcoin has been hovering around $27K.
  • Bitmain, Microbt, and Canaan are the three prominent ASIC manufacturers exclusively focused on designing mining rigs for bitcoin extraction.
  • The top six most profitable bitcoin mining rigs are the Bitmain Antminer S19 XP Hydro, Antminer S19 XP, Microbt’s Whatsminer M56S, Antminer S19k Pro, Antminer S19 Pro+ Hydro, and Canaan’s Avalon A1366.
  • Lower terahash output machines become financially viable if electricity rates drop below $0.12 per kWh.
  • Some countries have electricity rates ranging from $0.01 to $0.05 per kWh, making mining more cost-effective.



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