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These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake – Mining Bitcoin News


Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are currently dedicating hashrates to different PoW chains. Since ethereum cannot be mined anymore, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the Ethash consensus algorithm was the most profitable, as the top miner made $79.53 per day in profits. Today’s top mining rigs, with Ethereum out of the picture, accumulate around $69.41 per day of kadena mining.

Today’s top 7 Minable PoW algorithms include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256

According to the latest information data from asicminervalue.com, the PoW consensus algorithm is no longer the most profitable consensus scheme for mining since the Paris upgrade enabled Ethereum Merge. As of September 15, Kadena has been the most profitable consensus algorithm this year. Bitmain’s application-specific integrated circuit (ASIC) mining rig, Antminer KA3, received an estimated $69.41 per day with an electricity cost of $0.12 per kilowatt hour (kWh). PoW blockchain miners Kadena (KDA) and Antminer KA3 generate an estimated 166 TH/s.

Kadena’s network hash rate is around 0.21 exahash per second (EH/s) or 212.8632 petahash per second (PH/s). The second most profitable consensus algorithm using an ASIC mining rig is Scrypt, the consensus scheme linked to litecoin (LTC) and dogecoin (DOGE). Besides DOGE and LTC, several other digital asset networks such as verge (XVG) and digibyte (DGB) also leverage Scrypt. Today’s top miner, Bitmain’s Antminer L7, can get an estimated daily profit of $13.09. The top three miners below Antminer KA3 are all Scrypt miners produced by Bitmain.

Below Kadena and Scrypt, the third most profitable PoW consensus algorithm is Grin’s Cuckatoo32. The top Cuckatoo32 ASIC miner can get an estimated profit of $7.48 per day. Underneath Cuckatoo32 are consensus algorithms such as Blake2B-Sia, X11, Equihash, and SHA256. The SHA256 consensus mechanism is leveraged by cryptocurrency networks such as bitcoin (BTC), bitcoin cash (BCH ONLY), bitcoinv (BSV) and namecoin (NMC).

SHA256 is the seventh most profitable consensus algorithm and BTC miners taking advantage of Antminer S19 XP with 140 TH/s get about $2.60 per day. With Ethereum removed from the equations, people can still mine Ethash coins like ethereum classic (ET CETERA), but the top Ethash mining rigs generate little profit compared to when people could mine ether.

These are the most profitable Proof-of-Work algorithms since Ethereum switched to Proof-of-Stake
Bitmain released the Antminer E9 in July 2022, and on September 12, 2022, a single E9 earned an estimated $53.45 per day. With Ethereum out of the picture, E9 earns $0.45 per day mining classic ethereum (ET CETERA).

At the time of writing, Bitmain’s Antminer E9 with 2.4 gigahash per second of Ethash hashing power earns an estimated $0.45 per day. On September 12, the same ethereum mining machine (ETH) is produced $53.45 per day, according to statistics recorded by asicminervalue.com. A11 Pro by Innosilicon ETH miners, with 1,500 megahash per second (MH/s), are unprofitable and daily usage leads to a loss of $3.03 per day. Five days ago, on September 12, the same machine made a profit of $30.09 per day.

Cards in this story

ASIC Mining, ASIC mining rig, ASIC, Bitcoin, Bitmain’s Antminer E9, Blake2B-Sia, BTC, Consensus Algorithm, consensus algorithm, Cuckatoo32, digibytes (DGB), Doge, Equihash, Ethash, Exahash, Gigahash, Hashpower, Failure rate, Innosilicon, kadena, LTC, megahash, mineable coins, Proof of Stake (PoS), Proof-of-Work (PoW), Scrypt, SHA256, Terahash, Verge (XVG), X11

What do you think of the top seven mining consensus algorithms since Ethereum dropped PoW? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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