Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings

In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, utilized by the kaspa (KAS) crypto asset, held the highest spot for profitability amongst consensus algorithms. Quick ahead to in the present day, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking in an estimated $40.53 in each day earnings.

Blake3 Tops PoW Mining, Adopted by Scrypt, Kheavyhash, SHA256, and Eaglesong

Ninety-six days in the past, our newsdesk shared an evaluation of the highest 5 PoW consensus algorithms, however issues have shifted since then. Kheavyhash, as soon as the chief, has now dropped to 3rd place as KAS mining rigs have shuffled the rankings. In the intervening time, information from asicminervalue.com reveals that Blake3 is now probably the most worthwhile algorithm.

Miners utilizing Blake3 machines can mine decred (DCR) or alephium (ALPH). At present, Bitmain’s Antminer AL1 Professional, boasting 16.6 terahash per second (TH/s), can earn about $40.53 in each day earnings. In the meantime, the Antminer AL1 with 15.6 TH/s pulls in round $38.07 per day. These estimates assume electrical energy prices of $0.04 per kilowatt-hour (kWh).

Scrypt presently ranks because the second most worthwhile consensus algorithm, powering the mining of dogecoin (DOGE) and litecoin (LTC). For instance, a Bitmain Antminer L9 unit, working at 17 gigahash per second (GH/s), can generate roughly $18.09 in each day revenue, based mostly on present market costs and an electrical energy price of $0.04 per kilowatt-hour (kWh).

Taking third place is the Kheavyhash algorithm, used to mine KAS. The Antminer KS5 Professional, delivering 21 terahash per second (TH/s), pulls in about $9.95 per day, in keeping with information from asicminervalue.com. The fourth spot goes to the SHA256 algorithm, used for mining bitcoin (BTC) and bitcoin money (BCH), together with merged-mined cash like namecoin and fractal bitcoin.

On the prime of the record for BTC miners is Bitmain’s Antminer S21 XP Hydro, which produces 473 TH/s of hashpower. As of this weekend, it will probably herald an estimated $6.15 per day with electrical energy prices set at $0.04 per kWh. Microbt’s hydro-cooled M63S+ with 450 TH/s will get an estimated $5.86 per day.

Rounding out the highest 5 for the primary week of October is the Eaglesong algorithm, which is related to the nervos (CKB) crypto asset. The Antminer K7, providing 63.5 TH/s, can earn round $3.94 per day in earnings. Per regular, because the crypto mining panorama continues to evolve, profitability hinges on algorithm effectivity, {hardware} developments, and power prices.

What do you consider probably the most worthwhile consensus algorithms in October 2024? Share your ideas and opinions about this topic within the feedback part beneath.